2 ms·
“let me know how I can be helpful” This take on VC history is incredibly specious and reads like a bunch of country club boys taking advantage of the CH writer
by choppaface 3y ago
“let me know how I can be helpful”
This take on VC history is incredibly specious and reads like a bunch of country club boys taking advantage of the CH writer’s “unbiased” tone because they couldn’t get their edits approved in Wikipedia.
Missing from the story:
* Radar and stealth development and US Gov investment in Stanford, MIT, etc, that predates much of the VC comments in this article. US Taxpayers made a huge investment in SV.
* It touches on Apple but totally ignores Steve Jobs relationship with the Apple Board
* Modern textbook examples of VC Boardroom greed e.g. Pets.com, Broadcast.com, Paypal, Uber, Wework, etc etc SPACS especially
* The move to megacap Founder-owned companies E.g. Facebook, Airbnb, Snap, Google. Historically these examples cement the relative uselessness of VCs in internet endeavors that are much less capital-intensive vs hardware.
It’s a decent article on how VCs see themselves as being helpful but an unabashed sign that the biases of the Computer History Museum.
- Centigonal 3y agoThe members of the CHM's Board of Trustees gives a good idea of where their biases lie: https://computerhistory.org/leadership/ https://computerhistory.org/leadership/