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The venture ecosystem went from cottage industry outsider to institutional insider – from a nascent practice to a consensus component of institutional portfolios. The result has been the industrialization–and bankerization–of venture. Firms that make dozens or even hundreds of investments per year, relentlessly focused on assets under management, u... See more

The venture ecosystem went from cottage industry outsider to institutional insider – from a nascent practice to a consensus component of institutional portfolios. The result has been the industrialization–and bankerization–of venture. Firms that make dozens or even hundreds of investments per year, relentlessly focused on assets under management, u... See more

But today there are more people "helping the builders" than actually building, fighting one another in a zero-sum game for allocation in competitive deals. Incredibly, being an investor has become one of the highest status jobs in Silicon Valley — higher even than playing an important operating role at a great company. This has led to an over

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the “online business industrial complex,” the network of hucksters vying for your attention and money by selling you courses and coaching on how to get rich online. She’s talking about the hustle bro “gurus” flaunting rented Lamborghinis and promoting shady “passive income” schemes, yes, but she’s also talking about the bizarre fact that her “65-ye... See more

With startups acting as determinants of the future, lack of diversity in entrepreneurship trickles downstream into lack of diversity in the broader economy and culture.

In the 1980s, a venture capitalist could truthfully say their investment was the difference between life or death for an important, generational technology company. Funding such companies, in this way, was absolutely a good quest. But today there are more people "helping the builders" than actually building, fighting one another in a zero-sum game

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