this post was submitted on 01 Nov 2023
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Hey tech billionaires, if you want to talk about radical change, let’s abolish venture capitalism (www.theguardian.com)
submitted 1 year ago by JRepin@lemmy.ml to c/technology@lemmy.world
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Do you support sustainability, social responsibility, tech ethics, or trust and safety? Congratulations, you’re an enemy of progress. That’s according to the venture capitalist Marc Andreessen.

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[–] EnderMB@lemmy.world 17 points 1 year ago (1 children)

Couldn't agree more. My takeaway from three years working at a VC is that investors are fucking idiots, and lying to get investment is basically normal.

[–] jjjalljs@ttrpg.network 12 points 1 year ago

My favorite anecdote from "the cold start problem" is how zoom got funding not because they thought it was a good idea - the investors thought it was a solved problem - but because they were personally friends with the founder of zoom.

That's the quality of decisions we're dealing with.