704
Hey tech billionaires, if you want to talk about radical change, let’s abolish venture capitalism
(www.theguardian.com)
this post was submitted on 01 Nov 2023
704 points (93.9% liked)
Technology
59148 readers
2296 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Based on my experience with venture capital, I'm not convinced venture capital has ever produced anything worthwhile.
Except for funding the majority of the companies that exist, you mean
By shear numbers, most companies are small mom and pop owned businesses.
Edit: The VC shills are out in force. Go read an economics paper if you're serious about learning something.
Do you have a source for the claim that VC funded companies would have been replaced by equivalent companies if VCs did not exist? I find that somewhat hard to believe.