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Vance came from big tech, he's not a skeptic, it's an act. He says things that make it seem like the leadership are against the big bad and for the average Joe.
by ActionHank 2y ago
Vance came from big tech, he's not a skeptic, it's an act. He says things that make it seem like the leadership are against the big bad and for the average Joe. Apple is piling on this one so that both can get a win at the same time.
- mattmaroon 2y agoCame here to say this. He brought all the tech industry with him.
- mightyham 2y agoVance did not come from big tech, he comes from VC circles in silicon valley which is an important distinction. The people he runs with quite literally call themselves "little tech" [1], and they have an agenda that does not necessarily align with the objectives of big 5 tech firms. However, I'm not at all trying to disagree with you on the fact that much of what he says and does is performative and has ulterior motives. [1] https://a16z.com/the-little-tech-agenda/ https://a16z.com/the-little-tech-agenda/
- danudey 2y agoI mean, Vance's first job in VC was becoming a partner at Thiel's Mithril Capital in 2015, then he moved to Revolution LLC which was founded by Steve Case (of AOL fame), then he co-founded a VC firm with a former colleague from Mithril and funding from Peter Thiel. So I mean, he's not "big tech" in the sense of working with or for the few huge corporations that control what we see and read and how we do it, but he's "big tech" in the way of being highly influenced by Silicon Valley billionaires and their "government just gets in the way, down with regulations and laws so I can get more wealth and power" ethos.
- sangnoir 2y agoIMO, the SV mindset, VC and big tech aren't interchangeable in that way. Sequoia Capital, the 900 lb gorilla of VCs reportedly had $102B in funds/assets in 2024. Apple just had $124B as first quarter revenue and had over $200B in cash reserves after a $30B stock buyback. I don't know the size of the funds Vance oversaw, but I bet dollars to donuts, the scale is far bigger at big tech.
- lotsofpulp 2y agoOne way VC firms earn money is when the businesses they fund get purchased by bigger businesses like Apple.
- sangnoir 2y agoVance came from Venture Capital, not big tech. Now that they have a seat st the table, I can see VC folk cannibalizing big tech if there's enough money in it. Who can say no to a court-mandated fire sale of Chrome Inc or Android Inc? They'd ride it all the way to an IPO, before the enterprises collapse without the ad-dollars <-> eyeballs virtuous cycle.
- scarface_74 2y agoAndroid is not nearly as profitable as you think and how would you make money from Chrome?
- sangnoir 2y agoYou may have missed my final sentence.
- JumpCrisscross 2y ago> can see VC folk cannibalizing big tech if there's enough money in it Vance’s circle has never been in the business of disrupting Big Tech. They’re looking to sell to them. (Also the White House pigeons have more influence than Vance inasmuch as they might shit on Trump and thus catch his attention.)
- sangnoir 2y agoI don't think people with skin in the game are as cavalier about Vance as you are. He is after all, a heartbeat from the presidency whose incumbent will become the oldest on record - you probably don't want to be on his bad side - just in case. If he calls you, you probably want to pick up the phone and hear him out.
- JumpCrisscross 2y ago> He is after all, a heartbeat from the presidency Vance has tremendous potential power. He has no say right now. That is evidenced to a remarkable degree, for such things so early in a Presidency, in the public record. People aren't bothering to keep him in the loop. Also, Vance's power isn't solely conditional on Trump's EKG. He's very much constrained by MAGA and friends. > If he calls you, you probably want to pick up the phone and hear him out Of course. He's still my Vice President and from my interactions with him to date, a perfectly nice person. But I wouldn't expect anything to come of it. I would not be able to take him at his word, not because I think he's dishonest, but because I really don't think he is in the know. And I can think of a few people I'd be willing to cut that call short for if they called during that call.