In her book, World Eaters, Catherine Bracy argues that the venture capital ethos prioritizes high-return investments over societal concerns, leading to significant social issues. She highlights the failure of many startups and the dangers of the 'power law' in investment. Bracy calls attention to how this approach neglects funding solutions for real societal problems. As the founder of TechEquity, a nonprofit aimed at addressing the tech industry's negative impacts, she emphasizes the need for a shift in focus towards more equitable and sustainable investments.
Many people understood venture capital funded companies like Theranos and WeWork, but this book examines what they weren't funding: companies addressing real problems in society.
Bracy argues that the venture capital approach leads to societal issues being overlooked, as investors prioritize astronomical returns over social impact.
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