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I don't think that was the point of the article. If we take a look at the structure of the Valley, and point the finger at Venture Capitalists, then what we rea
by Karrot_Kream 9y ago
I don't think that was the point of the article. If we take a look at the structure of the Valley, and point the finger at Venture Capitalists, then what we really need to ask is why Venture Capitalists brand themselves as revolutionary do-gooders when the movers of capital in the finance industry don't. It's become an almost Orwellian caricature.
> So, if you want to point fingers asking why aren't tough problems solved you should start by asking yourself why is it that those are so much more capital-intensive to solve in the first place. And more importantly, what could be done to make them more attractive to private capital.
I think this is a convenient way of oversimplifying the issue. The issue at its most fundamental is why VC does not invest as frequently in issues that help the middle-class. The explanation could have a variety of reasons, from corrupt VCs, to a broken incentive system (our implementation of capitalism), all the way to artificial bureaucratic inflation (inefficient/corrupt government).
There's no need to worship at the altar of capitalism until we strangle ourselves in our zealotry.