Venture is a bunch of soulless cowards. They’re well-intentioned, soulless, cowards. They have fallen for what everybody else falls for. Which is: “Here’s this gold star, and they choke it really tight and say, ‘I don’t want to lose this gold star.’”
And then what happens? You go risk-off. Then what happens? Your behaviors are about protecting the seat of power that you have, and the social definition that that seat affords you.
So now, instead of being an accelerant of the progressive worldview, you become a retardant to a progressive worldview.
When you’re a critical part of the future, the most important part of capitalism is going to be the folks that are driving the technological change. As a class, that’s what VCs are supposed to do.