Yes this is another issue. I worked for a venture capital firm for several months. Prior to that i worked for some of the largest wallstreet firms in the country. The problem with venture capital these days is it's still based on the ill flawed capitalistic model post 1960's.
What do i mean by post 1960's. Well this is the era where families could have one earner support their entire family. This is still the era of the housewife. Not to say keeping women in the house is a goal. However to say that it was possible for one paycheck to support a family.
The capitalistic model today or the corporatist model. Is purely a profit driven model that confuses an ecosystem for an economy. So what i'm saying is our entire structure stopped caring about the worker and participants in our economy a long time ago. They then moved resources and profit over people. They made people less important. Overall that's made our society sick.
So whereas, big profits created in our systems whether it be from venture capitalist or the government picking winners. I feel is not advancement at all. So the problem i have with your article is you say it's done good. I think its done measurably worse year after year.
Now you are correct in saying that regulation keeps small investors out who could have more economic prosperity as they'd pick the next big companies. Some would lose all their money. However the opportunity may balance itself to a degree in which you could have more opportunity for wealthier citizens.
The issue though is more than likely many still based on this system wouldn't have enough disposable income to even participate then. However i still think its their choice in that state lotteries are sanctioned and there is no legal restrictions on who is able to do that if they are concerned about citizens well being. However they are more than eagar to take away any possible chance of you becoming wealthy overnite lol. So the corruption and sickness and treachery of our systems are unbelievable.
Right before i'm ready to give up on humanity. As human beings i know in my country we're behind in education tremendously. I think in Europe they got a bit better idea. So their structures when it comes to how you value people i think are a great deal better than the united states. However in europe and canada the education system is higher iq people.
Now some will say yea but these countries suffer from this or that or they gotta pay high taxes. That may be so but atleast they have enough common sense to understand a human being is more valuable than a product. More important than b eing used for cattle in consumerism. Atleast they got a little better grip on prioritizing their pyramid of values. In the United States we don't even have that.
However right before i'm ready to give up on especially Americans. Their thought processes. I run into this.
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And this is only getting worse with AI and robotics. People are being pushed out of the equation.
I dont think it is debatable that some of what have come out of venture funding has done a lot of good for society. I agree with you that there is only one focus of corporations is profit and that is a problem. However, many of the things we have now were funded by VCs. In fact, their hand is all over the tech wave of the last 30 years.
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