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> VCs, and capitalists in general, put money at risk in the hope of generating wealth above their initial capital. , absent the internet-controlled juice-squeez
by polygamous_bat 4y ago
> VCs, and capitalists in general, put money at risk in the hope of generating wealth above their initial capital. , absent the internet-controlled juice-squeezers.
You're so close to getting the point, yet so far. The whole point of the article is that there is nothing in the VC handbook that has anything to do with the "benefits society" part of your "They produce goods or services that benefit society" statement.
In fact, if slavery is magically made legal today, I will bet that the Anderssen Horowitzs of this world will fund the Adam Newmanns of this world to start a slave trading startup before the weekend is over. And we need people like Molly White to keep them accountable, to build consensus on what's legal but not moral, and push for a better society where we can live with human dignity.
- breck 4y agoWe have a form of slavery around today, and it is indeed how most tech billionaires became billionaires: http://www.breckyunits.com/an-unpopular-phrase.html http://www.breckyunits.com/an-unpopular-phrase.html
- RamblingCTO 4y ago> In fact, if slavery is magically made legal today Then society deems it ethically ok. You're argument is void. If society thinks things are ok, why are VCs the heavenly instance to rectify that? > And we need people like Molly White to keep them accountable You mean crypto shills will enforce ethics? Lol
- timmytokyo 4y agoMolly White a crypto shill? Her writing career is dominated by crypto skepticism and skewering crypto shills.