3 ms·
This reeks of Hypocrisy. After years of VC companies investing in bat-shit ideas they now cry about not having solutions for bat-borne illnesses. Oh "failure of
by rexreed 7y ago
This reeks of Hypocrisy. After years of VC companies investing in bat-shit ideas they now cry about not having solutions for bat-borne illnesses. Oh "failure of imagination" when they poured billions into the lack-of-imagination ideas such as WeWork, Uber, AirBnb, and others.
Oh now we need imagination when companies with potential solutions for these problems over the past few decades couldn't get these investors attention, who would much rather throw more money to the same set of well-connected entrepreneurs than ignore the innovation happening all around the world in small cities and mid-sized towns, coming out of universities that aren't in the Silicon Valley / SF are or NYC or Boston.
So, the chickens are coming home to roost. We have societal problems that Silicon Valley VCs haven't done anything to solve. Am I surprised? Hell no. Do I believe this woah-is-us "let's build" BS from the same VCs that have built what we have so far. Hell no.
We need new imagination for investors too. The same class of investors will give us the same class of solutions to the same class of problems. Let's look elsewhere for ideas and inspiration. The solution is not Silicon Valley VC. The solution is not the same profit-driven health care institutions. The solution lies elsewhere. And that's what we really need imagination for.
- dang 7y agoThis comment breaks the site guidelines. Most importantly this one: "Comments should get more thoughtful and substantive, not less, as a topic gets more divisive." But note also: "Please don't use uppercase for emphasis. If you want to emphasize a word or phrase, put asterisks around it and it will get italicized." https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html It's generally better to wait to cool down before posting. That makes it easier to follow the site rules. In addition, you'll think of better points to make your case with, and will be more likely to notice anything untrue or unfair in what you are inclined to say.
- ilrwbwrkhv 7y agoYes very well put. I like the line about "investing in bat-shit ideas they now cry about not having solutions for bat-borne illnesses". This sort of reactionary call to arms does us no favours. We need a new class of investors as you correctly identified.