3 ms·
In addition to VC funds spend at random things not necessarily all of which are good innovations (and many exploit it), also VCs probably have harder and less f
by zx8080 10mo ago
In addition to VC funds spend at random things not necessarily all of which are good innovations (and many exploit it), also VCs probably have harder and less flexible requirements for ROI than many non-VC investors. That kills some (probably significant) number of innovations with a good potential of adding value to society in favour of those with greater potential of quick ROI and increase of capital concentration in one hands.
Benefits for society (which could have been behind many great inventions) is now almost totally nonsense, despite being proclaimed by many money behemots like OpenAI.