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Re:Seed funding slows in Silicon Valley by pm90 on Wednesday August 02, 2017 @06:28PM (#14915264)
The point though is that these are not really lotto tickets. A lot of high-tech startups are working on monetizing some obscure technology, or inventing a more efficient way to do a task, or something along those lines. They are actually providing value, other than the payoff from their sale or IPO. I think we as a society are failing somewhat to give an appropriate monetary value to that kind of contribution.
Re:Seed funding slows in Silicon Valley by TheHegemon on Wednesday August 02, 2017 @07:52PM (#14915763)
The problem is that a VC doesn't care how much value a product provides to society. It only cares how much value it can extract for itself.
Re:Seed funding slows in Silicon Valley by flamedoge on Wednesday August 02, 2017 @09:02PM (#14916132)
some VCs do look at what non monetary value their investment generates. I.e. Reddit.