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Vance 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 the
by mightyham 2y ago
Vance 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.