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Venture capital has undergone significant changes over the past 15 years, with a noticeable shift towards mission-driven founders who prioritize goals beyond mere profitability. The industry, once a hotbed of innovation during the late 90s, has seen its share of bubbles and crashes. Currently, there is a perception that Silicon Valley VCs are out of touch with broader consumer trends, caught in a bubble of fringe leftism. The big AI labs are also described as a grindingly woke millennial monoculture. This shift has created both opportunities and dangers, particularly affecting those who lack the ability to create liquidity.
Silicon Valley VCs once prided themselves on being in touch with trends and the pulse of consumers. Now they are in hopeless and bizarre bubble of fringe leftism that no one outside their narrow world relates to. https://t.co/3znraGZe1D
Here's a thought. In the late 90's, not just Silicon Valley, but the whole US, was a hotbed of innovation funded by venture capital. Startups were sprouting everywhere. Of course that spurred an immense bubble and many lost in the ensuing crash. It seems to me that in the /2 https://t.co/oTqFzEDaDS
The big AI labs are a grindingly woke millennial monoculture the way the big Internet companies are (were). It’s the water they swim in so they can’t see it. It’s also a tiny niche of national and world opinion. 🫣 https://t.co/pZiLT8pPr9