The problem here, innovation toxic venture capital, that outspend the old risk capital guard. These new - "outsiders" usually spend huge sums on leveraging wha

The problem here, innovation toxic venture capital, that outspend the old risk capital guard. These new - "outsiders" usually spend huge sums on leveraging what is essentially just technology used for union busting and abstracting away wage slavery. Its a capitalists idea of innovation, and it small dreams. You don't need to invent a alexa (the device), if you can drive down the wage of a person to near zero and own a alexa (the person). They already had that back in ancient rome- and thus never developed the Greek steam engine. To become really innovative at scale again, the valley needs to exorcise those tech external investors.