Although I don't think We is a tech company, this is still true. https://www.venturecompany.com/blog/2009/08/the-silicon-valley-emperor-has-no-clothes/ https:/

Although I don't think We is a tech company, this is still true. https://www.venturecompany.com/blog/2009/08/the-silicon-valley-emperor-has-no-clothes/ https://www.venturecompany.com/blog/2009/08/the-silicon-vall... ^ Voiced the same concerns as the famous Kaufmann Foundation report, but earlier. At best venture capital seems to be a sexier, private way to fund R&D, which is often so unprofitable it requires public funding. I think there is social benefit, most obviously when venture-backed startups offer a useful service below cost to the public, but financially there are better investments.