Are Venture Capitalists Silicon Valley’s Biggest Villains?
They Get Lauded for Funding Innovation—But What They Really Fund Is Exponential Growth That Lines Their Own Pockets
This essay was published alongside the Zócalo and CalMatters public program, “What Makes a Great California Idea?” Click here to watch the full conversation.
Will was a web designer living in Los Angeles and supporting his wife, an aspiring actress. He couldn’t shake the idea that he, too, should pursue his passion. So he started a side business on a new digital platform, AllDone (a pseudonym), which connected skilled service providers with customers. Will created a profile to offer guitar lessons, quickly landed a couple …
