#vc

See tagged statuses in the local BookWyrm community

quoted Ruined by Design: How Designers Destroyed the World, and What We Can Do to Fix It by Mike Monteiro

Mike Monteiro: Ruined by Design: How Designers Destroyed the World, and What We Can Do to Fix It (2019)

The world is working exactly as designed.

The combustion engine which is destroying our planet’s …

Venture capitalists have a thing they like to say. "We don't invest in ideas. We invest in people." That's true in a couple of ways. Let's get the funny one out of the way: they don't invest in ideas. Check. They invest in people. Specifically, they invest in people who look like they do, because today's venture capitalist was yesterday's startup founder and vice versa. They might as well be saying "we're both investing in our younger selves, and reinvesting in the idea that we've earned our place by perpetuating the idea that the next wave of us will come from the same pool."

— Ruined by Design: How Designers Destroyed the World, and What We Can Do to Fix It by  (Page 110)

#VC #startup #diversity

Sickening

’s -frenzied weekend makes first family billions of dollars richer

The family’s meme coins launched over the weekend showed how Trump plans to take advantage of looser .

Ahead of the inauguration, members of the admin rubbed elbows w/industry leaders at the Crypto Ball.

“The reign of terror against crypto is over,” David Sacks, a & the new White House & crypto czar, told the crowd.


https://www.cnbc.com/2025/01/20/trump-crypto-fueled-inauguration-makes-family-billions-of-dollars.html

I was just talking to a colleague about the AI bubble. These companies are in so deep they can't tell the truth. They are all lying about the efficacy, costs to consumers and most importantly how & when this tech works or doesn't.

Is there enough money on the line to kill over?

There's likely a trillion bucks of valuations across the industry. Billions in sunk costs, billions in c suite remuneration, billions in VC mgmt costs.

RIP Suchir

https://www.mercurynews.com/2024/12/13/openai-whistleblower-found-dead-in-san-francisco-apartment/

Some amazing internet history - here is an image Aaron Swartz and Sam Altman in the same room of the first YCombinator cohort.

The former took his own life prosecuted for downloading a academic articles, the latter scraped the entirety of the internet (copyright be damned) and "founded" a billion dollar company.

We took a hard right on what the internet could have been and it basically started with this image.

Fantastic piece by @davekarpf

https://davekarpf.substack.com/p/paul-graham-and-the-cult-of-the-founder