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Just a quick clarification that my comment was only pointing out that a16z isn't a media outlet in the journalistic sense, nor in that the media outlet is the p
by tofuahdude 5y ago
Just a quick clarification that my comment was only pointing out that a16z isn't a media outlet in the journalistic sense, nor in that the media outlet is the product itself. Their media content is just marketing manipulation.
But I'm still interested in addressing your point:
> if some investors gain enough market power that they can change the outcome of businesses that seems deeply suboptimal and runs counter to the core conceit of capitalism
If a VC's media channel becomes powerful enough (ie monopolistic enough) to decide winners w/o the opportunity for competition, then sure. Though this would require substantially more power consolidation than there is currently. There's enough Tier 1 VC's and of those, the media outlets they operate are certainly not monopolistic enough as to change the business outcome in an unfair way, as currently defined by law wrt monopolistic practices.
If you mean more like "if some investors gain enough market power that they can change the outcome of businesses because they invested so much money", then I still think the same point is true - there's enough capital in diverse enough hands. The most ready example being ride share; there's plenty of them.