Tim O’Reilly makes a persuasive case for why equity capital is starting to do more damage than good
It’s part of structural inequality in our society, where we’re building businesses that are optimized for their monetary return rather than their return to society. More significantly, the objectives of the VC model are not that various. The normal VC model is looking for this high-growth company with exit potential, since it’s looking for this huge financial return from an IPO or acquisition, and that picks for a specific type of creator. Lots of things that what VCs have actually developed are really monetary instruments like those CDOs. Yeah, but you know that VC returns have in fact lagged public markets for four years now. A substantial quantity of the VC capital does not return….
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