3 ms·
Can Venture Capital Be Saved? (Mitch and Freada Kapor)
- PaulHoule 9y agoYou can't fix the problem unless you get out of Silicon Valley. If you go to New York City, Chicago, Los Angeles, Atlanta, or even second or third tier cities you find many women and non-immigrant minorities in executive positions and there is plenty of trouble and discrimination but it is not like it is in SV. The pursuit of money in SV has come full circle as a circle jerk; the larger economy cannot provide exits for the Ubers, Magic Leaps, Juiceros, so they are keeping them on life support, hoping maybe just maybe they can get bought by one of a short list of megacompanies. It is now a value destruction machine, but insiders will probably do OK as they usually do when there is a decentralized Ponzi scheme that no individual can get held responsible for. Go forth and make money by serving the needs of customers.