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> The incentive structure is simply growth at all costs. There was never, in any board meeting that I have ever attended, a conversation about the users, about
by TAForObvReasons 9y ago
> The incentive structure is simply growth at all costs. There was never, in any board meeting that I have ever attended, a conversation about the users, about things that were going on that were bad, about potential dangers, about decisions that might affect potential dangers. There was never a conversation about that stuff.
This externality-disregarding culture was idolized in SV for the last decade or so. It's nice to see some self-reflection, but unfortunately the VC community, without heavy regulation, is structurally unable to value anything other than growth.
- adamsea 9y agoIts as if the members of the VC community were a bunch of capitalists or something ;-)
- noobiemcfoob 9y agoRegulation doesn't solve all the problems. In and of itself, regulation can create just as perverted incentives as the existing VC culture. With the perceived impact that Facebook had on the election, I'm starting to believe our culture is evolving into one that won't allow such disregard with or without laws enforcing it.
- closeparen 9y agoYou would really prefer to see Ajit Pai’s FCC in charge standards for internet discourse?