Catherine Bracy, founder of TechEquity, argues that venture capital is fundamentally shaping innovation, favoring unsustainable growth rather than genuine problem-solving. In her new book, "World Eaters: How Venture Capital is Cannibalizing the Economy," she emphasizes that the rapid growth demanded by venture capitalists leads to negative economic outcomes, particularly for workers and communities. This system pressures startups into exploitative practices, hampering their ability to provide meaningful solutions to societal issues. She urges a reevaluation of the startup ecosystem to prioritize value creation over speculative hype.
Technology isn't the problem; venture capital is. It enforces a growth model that prioritizes profits over stakeholder welfare.
Venture capital demands exponential growth fast, forcing startups to prioritize unsustainable scaling over innovative solutions that address real economic issues.
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