It's dishonest to claim that working at e.g. Google is merely targeting ads, not improving the world.
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Actually, this is simply a leading indicator. Every firm, even finance firms, must be Mission Driven in the long run or they don't exist.
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You see, your company is a "Wall Street" company, you manage money for people. But
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Yours and
@pmarca's and@firstround's and@foundersfund are innovative approaches in the investment business but we need more cc@cdouvos -
The entire investment world must also be Mission Driven in the long run. "Wall Street" must catch on too. And they will.
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We see signs in companies like
@Aspiration@artivest@Betterment@Wealthfront@FutureAdvisor#Bitcoin@AngelList but we are VERY early. -
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The anti "Wall Street" vibe is tilting at dinosaurs a little. The old ones are already dead, they just don't know it yet.
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Might be why Silicon Valley is replacing Wall Street even in finance.
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Aren't things like availability of credit and public companies to invest in services in the way that search is?
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I swear; even from a retail banking perspective, aren't those services vital in the western world?
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Agreed, to me, on the same level as search.
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Caring is selling.
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there is no secret on the benefits of monopolies ;)
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The megalomaniacal, cultish mantra of "changing the world" may be SV's biggest weakness. A habit she might not be able to break.
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Firms with other objectives--grittier ones--may end up devouring SV's saccharine optimists.
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And finance, with no objective other than to generate commonwealth necessary to fuel the ambitions of others, will be there for the ride.
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tons of ppl are passionate about improving liquidity in esoteric derivatives mkts what do you mean
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It's a good point but once again clouded by the fiction that corporate mission and purpose only happens in SV or the US.
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