Re:Venture Capitalists Are Deforming Capitalism
by jdminhbg on Monday November 23, 2020 @12:29PM
(#25189189)
Evans is distinguishing between people who are full-time VCs, and anyone who has ever written a check to a business that doesn't have revenue yet.
Re:Venture Capitalists Are Deforming Capitalism
by fjdjsmsm on Monday November 23, 2020 @12:37PM
(#25189291)
A part time carpenter is still a carpenter. Evans claim wasn’t that Murdoch is an amateur. His claim was that Murdoch was categorically not involved with VC.
Re:Venture Capitalists Are Deforming Capitalism
by jdminhbg on Monday November 23, 2020 @12:44PM
(#25189370)
If you write an article titled "Electricians Are Turning Homes Into Firetraps" and then cite the fact that I improperly swapped out an outlet in my home as evidence that I'm an electrician, you should expect pushback.
Re:Venture Capitalists Are Deforming Capitalism
by disgruntledphd2 on Monday November 23, 2020 @12:50PM
(#25189439)
But the article works equally well for Uber or Lyft or indeed We work, all of which were funded by professional VCs.
I really like Ben Evans, but he's ignoring the main thrust of the article and nitpicking about definitions.
That's rarely a sign of someone who has a strong argument against a piece.
Re:Venture Capitalists Are Deforming Capitalism
by jdminhbg on Monday November 23, 2020 @01:23PM
(#25189822)
If it works equally well for Uber or Lyft or WeWork, then trying to shoehorn Theranos in since it's a spectacular fraud that doesn't really fit the definition was a bad decision.
That's rarely a sign of a piece that makes a strong argument.
Re:Venture Capitalists Are Deforming Capitalism
by disgruntledphd2 on Monday November 23, 2020 @01:41PM
(#25190037)
The article covered WeWork much, much more extensively than Theranos.
I know its against the guidelines, but did you read the article?
Re:Venture Capitalists Are Deforming Capitalism
by jdminhbg on Monday November 23, 2020 @01:45PM
(#25190097)
Trying to shoehorn in Theranos does not preclude covering WeWork, so I'm not sure how you read my comment to imply that it did.
Re:Venture Capitalists Are Deforming Capitalism
by Apocryphon on Monday November 23, 2020 @01:45PM
(#25190104)
Theranos is mentioned three times in the article, and always in the company of more cogent examples of VC-funded companies- Juicero, Uber, and WeWork. The quibbling over Theranos really does look like a distraction away from the main points of the article.
Does anyone understand this?