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You prefer a VC that isnt human. All humans inject their politics into every action they take. Accept it.
by aswanson 9y ago
You prefer a VC that isnt human. All humans inject their politics into every action they take. Accept it.
- garmaine 9y agoNot quite. Fund managers generally have a fiduciary responsibility to their limited partners, meaning they are required to act in ways guided first and foremost by what increases ROI. There's a lot of room for interpretation there about short term vs long term gains, the investor value of creating sustainable businesses, and of course the biases the manager's own political views inject into their decision making. But he or she must still act with investor ROI in mind by investing in the companies they honestly think likely to succeed and then help them do so. To fail to do so would be to face investor revolt and possible lawsuits, and undermines those hard working entrepreneurs who take their companies in different (and maybe more profitable) directions than their investor had in mind. I don't like that. To rephrase what I originally said, I prefer my investors to be economically rational in their motivation, not political. Hence I have never sought YC investment under Mr. Altman, nor do I intend to. Thankfully I've done just fine without.