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Honestly, the VCs would just throw the money at their existing portfolio companies. If you were going to give away $20 billion, you'd be better off at doing it
by sachinag 18y ago
Honestly, the VCs would just throw the money at their existing portfolio companies.
If you were going to give away $20 billion, you'd be better off at doing it through SBA grants. You'd be a lot closer to the proverbial Main Street nationally, not concentrated on the coasts.
- thinkcomp 18y agoI just sent an e-mail to Friedman telling him more or less the same thing. As usual, his head appears to be somewhere in the clouds. Venture capitalists aren't going to be part of the solution until they stop being part of the problem.
- iamelgringo 18y agoThere's no reason why you couldn't put stipulations on a plan like that. Just make the money go to new green tech ventures. I'd also venture a guess that after Manhattan, So Cal has lost more money per capita in the real estate bubble than many other places in the country. So Cal is where that investment and research is needed. There's already a lot of Solar and Wind power projects down there. It would be a great idea to invest green tech VC money down there. So Cal _is_ "Main Street" for millions of people that are hurting right now.
- keltecp11 18y agoI met a VC the other day who was bragging about flying first class... When the VC got up to go to the bathroom, I looked at my partner and asked him if he knew who was paying for the upgraded ticket? Exactly. VC's would blow this $ in a heart beat.