Technology

59204 readers

3911 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

705

Hey tech billionaires, if you want to talk about radical change, let’s abolish venture capitalism (www.theguardian.com)

submitted 1 year ago by JRepin@lemmy.ml to c/technology@lemmy.world

153 comments fedilink hide all child comments

Do you support sustainability, social responsibility, tech ethics, or trust and safety? Congratulations, you’re an enemy of progress. That’s according to the venture capitalist Marc Andreessen.

you are viewing a single comment's thread
view the rest of the comments

[–] SmoothIsFast@citizensgaming.com 3 points 1 year ago (1 children)

Without VCs, many of those homeruns would never be able to get off the ground and the US economy would be significantly less dynamic

Um if we instead taxed those VCs setup a government fund and grant program instead you would have greater innovation, more equitable access and a better solution. VCs siphon IP and manage where wealth can be consolidated, it's a pretty basic concept.

[–] KarmaTrainCaboose@lemmy.world 4 points 1 year ago

I believe we already do this to some extent. There are government funded grants for all kinds of things. I guess you just want more of that? I think you have to be careful, because that starts to look like the government picking a lot of winners and losers in private industry. Ripe for misallocation of resources.