3 ms·
sure, but it's kind of a shame. Ever larger VC funds today pursue opportunities that require little actual new technology. VC today buys marketshare in markets
by ljw1001 7y ago
sure, but it's kind of a shame. Ever larger VC funds today pursue opportunities that require little actual new technology. VC today buys marketshare in markets that represent a new application of widely available tech. Look at the difference between what VC once invested in (semiconductors, new kinds of computers) and what they invest in today (Uber, AirBnB). People still get rich, but i'm not sure society benefits to the same degree.