"In the absence of Big Tech, you’d expect smaller startup companies to rush in to fill the gap. But, Luckey explained, startups find it difficult to seize the o

"In the absence of Big Tech, you’d expect smaller startup companies to rush in to fill the gap. But, Luckey explained, startups find it difficult to seize the opportunity... It’s very hard to raise money; It’s very unpopular with a lot of investors, especially the ESG type investors, which represents $30 trillion in global capital" Pretty on topic, I just posted a Fedscoop article about Booz Allen setting up a VC fund to invest in startups providing tech to federal agencies. $100M with a target of 4-6 deals a year and holding a portfolio of ~30 companies. https://news.ycombinator.com/item?id=32111983 https://news.ycombinator.com/item?id=32111983