Re:Former Facebook exec says social media is ripping apart s...
by mbesto on Tuesday December 12, 2017 @02:10PM
(#15908465)
I provided those data points because they represent more than half of the portfolio. I never said that SC didn't make investments in "real problems", I was making a point that they were also investing in companies that could be considered "shitty, useless, idiotic companies" and/or "weren't solving 'real problems'".
> That seems like a pretty healthy mix.
Yes, these guys are very good investors, no doubt. As a fellow capitalist I too would have made the same bets. But that has nothing to do with my point - which is the vision of the fund is inconsistent with what I would consider the vision of the majority of the companies that are invested in.
> aren't you contributing to the problem he's describing?
> That seems like a pretty healthy mix.
Yes, these guys are very good investors, no doubt. As a fellow capitalist I too would have made the same bets. But that has nothing to do with my point - which is the vision of the fund is inconsistent with what I would consider the vision of the majority of the companies that are invested in.
> aren't you contributing to the problem he's describing?
How so?