4 ms·
"Why do people think VCs are libertarians? Most of them are Democrats!" You seem to: 1. presume those two categories are mutually exclusive. They aren't. 2. Ma
by zeruch 4y ago
"Why do people think VCs are libertarians? Most of them are Democrats!"
You seem to:
1. presume those two categories are mutually exclusive. They aren't.
2. Many of the libertarian values on the economic side, held by many in the VC/PE space regardless of political affiliation, means that just like Rand herself, they espouse -by action if not by word- "privatize gain, socialize risk" pretty much by rote.
Anyone shocked by this either isn't looking, hasn't been in this business very long, or is the person mentioned in the Steinbeck quote (paraphrased here for contextual re-appropriation) "the rubes see themselves not as an exploited set of growth-hackers and disruption-monkeys, but as temporarily embarrassed billionaires."