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Venture capital and the great big Silicon Valley asshole game | PandoDaily
(( via pando.com/2015/02/12/how-silicon-valleys-counterculture-went-corporate-and-ruined-everything/ )) --- This is a complex topic with no real “right” or “wrong.” You have to consider what the job of a VC is. It’s not to give inner city kids a helping hand; it’s not to make mom-and-pop dreams a reality; it’s not to help nice guys. It’s to maximize returns and fund companies that have an outsized chance of creating billion-dollar plus outcomes in a decade or less. There is a certain personality type that frequently builds these companies—a mix of outsized arrogance, steel-eyed determination, and even some element of delusion. Rational thinkers don’t usually think they can upend whole industries. People who get impacted by social pressure will be talked out of an idea long before it comes to fruition.
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february 2015 by asterisk2a

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