Ok, so this is a really shitty article about a potentially interesting take. technologyreview.com/2020/06/17/100
None of these arguments are new to VCs, nor are they particularly well presented. Let's see if we can redo it, but better. A thread.
Conversation
Opening: "Many VCs think they fund the greatest source of innovation in the economy. It is true that they are sitting on a lot of dry powder."
(Insert quote from Charley Ellis, and talk about how low interest rates have pushed the yield curve out).
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Lede: "BUT this view, while superficially correct, is flawed."
(Insert short history of the Internet, and how it was funded by the government. Point out even Google comes from DARPA qz.com/1145669/google)
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