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1). Operating on how the world should work and not how it practically works. 2). "We believe that developing alternative business models to the startup status
by stagbeetle 10y ago
1). Operating on how the world should work and not how it practically works.
2). "We believe that developing alternative business models to the startup status quo has become a central moral challenge of our time. These alternative models will balance profit and purpose, champion democracy, and put a premium on sharing power and resources. Companies that create a more just and responsible society will hear, help, and heal the customers and communities they serve ... The capital system is failing society in part because it is failing zebra companies: profitable businesses that solve real, meaningful problems and in the process repair existing social systems." Conflating start-ups (and business) with charities. Using an inefficient model for resource distribution in enterprise.
3). "Think of our most valuable institutions — journalism, education, healthcare, government, the “third sector” of nonprofits and social enterprises — as houses upon which democracy rests. Unicorn companies are rewarded for disrupting these, for razing them to the ground. Instead, we ought to support companies that provide extreme home makeovers." Resistance to change.
4). Encouraging "sustainable prosperity" for a startup whose main goal is to become a profitable business, instead of exponential growth.
5). "Sustainable, 2x exit." Slowing down future entrepreneurial pursuits with an arbitrarily exit limiter.
6). "Plurality." I assume this means "heavily democratic," which is deadly for startups.
7). "Win-win instead of Zero-Sum." I.e I assume "compromise." Self-explanatory (SE).
8). "Cooperation instead of competition ... mutualism." SE.
9). "Shared resources instead of hoarded." See: #2
10). "Seeks enough instead of more." SE.
There's more, but there's a quote about how much effort it takes to retort bullshit in comparison to how little it takes to spout it.
The author brings heavy socialist overtones and a naive worldview on how businesses work. I'm not one to deny other's opinions solely because they have no experience, but in this case most of her points can be invalidated by going out and testing her zebra plan.
- vecter 10y agoStrongly agree with you. Her post was all feels an no reals. In other words, it feels good but neglects the motivating forces in reality that drive people's actions. VC isn't broken. It is what it is. It's that way because it's what people find to be most profitable. People often assign moral value to things where morality is irrelevant or was never intended in the first place.
- mcphage 10y agoCooperation is mediocrity? That's a pretty shitty outlook on life, and definitely not one borne out in either the human or animal worlds.