@KimSJ

I think there's a lot resting here on what you man by 'let the market decide'; this could push us towards targeted tax relief(s) which (as has been shown again & again) are very easy to game.... the idea of direct support is that the Govt. can (and should) direct investment towards key areas;

but Mazzacuto's original point was the Govt. should operate like #VentureCapitalists & not put all their eggs in one basket & expect/allow some failures of investments; so, here the market decides

#Venturecapitalists steal from the future
https://theblockchainsocialist.com/venture-capitalists-steal-from-the-future-with-david-z-morris/
#blackchain #socialist #podcast

@DelphineAngua @dgar Good point. ✅

I previously used the word ‘proves’ loosely.

There are in fact explanations (thankfully improbable IMHO) for why we have NOT been inundated with visitors from a future after #TimeMachines have been invented by #STEM #GradStudents. One is that ‘#VentureCapitalists ‘ lacking a high-quality #LiberalEducation will extinguish ALL other futures for humanity. 🤔

Venture capital's ICO gambits left Bitcoin ecosystem underfunded - Adam Back - Venture capitalists have favoured ICOs in recent years, but Bitco... - https://cointelegraph.com/news/blockstream-ceo-adam-back-venture-capital-s-ico-gambits-left-bitcoin-ecosystem-underfunded #venturecapitalists #investments. #dr.adamback #bitcoin #ico

@regordane

Yes, certainly #VentureCapitalists expect less than 10% of investments to come good, but that residual do so well as to cover the other losses, for institutional & other investors I would think the 68% figure would be a lot more worrying

#AI — or at least a version of software #VentureCapitalists and #tech dudes are calling AI — is going to make itself dumber instead of making itself smarter, according to this article. https://venturebeat.com/ai/the-ai-feedback-loop-researchers-warn-of-model-collapse-as-ai-trains-on-ai-generated-content/

Multicoin Leads $4M Strategic Round for Web3 Co-Ownership Platform Lore - The platform, now in public beta, allows groups of people to share non-fungible tokens (N... - https://www.coindesk.com/business/2023/04/06/multicoin-leads-4m-strategic-round-for-web3-co-ownership-platform-lore/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #venturecapitalists #multicoincapital #fundingrounds #exclusive #finance #news #web3

Excellent post by @molly0xfff about #VentureCapitalists and the moral bankruptcy of the investor class.

https://open.substack.com/pub/mollywhite/p/the-venture-capitalists-dilemma?r=1qj5hg&utm_campaign=post&utm_medium=email

For decades, SVB was willing to bend over backwards for venture capitalists, serving them in a way that fit their “special needs,” one said. “In return, of course, VCs would recommend Silicon Valley Bank to their startups.”
https://www.vice.com/en/article/pkayyg/how-silicon-valley-bank-made-a-business-out-of-making-vcs-happy
#SiliconValleyBank #SVB #VC #Venturecapitalists #SiliconValley

Excellent piece, with receipts, on how #VentureCapitalists basically egged each other on into a bank run, then threw a collective tantrum until the Biden administration promised to rescue all their millions--that they don't have a clue how to budget or manage.

Socialism for the rich, a kick in the face for the working stiffs.

#SiliconValleyBank #PeterThiel

https://slate.com/technology/2023/03/silicon-valley-bank-rescue-venture-capital-calacanis-sacks-ackman-tantrum.html

David Neiwert (on twitter):
"At some point, both the government and the public need to recognize that Peter Thiel is deliberately trying to sabotage the American economy as a major front in his push to destroy democracy and replace it with plutocratic autocracy."

#SiliconValleyBank #PeterThiel #VentureCapitalists #WhiteSupremacy

https://www.washingtonexaminer.com/news/business/svb-collapse-peter-thiel-silicon-valley-

Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow - The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for... - https://news.bitcoin.com/report-silicon-valley-bank-under-fdic-auction-as-calls-for-bailout-grow/ #appropriatelycapitalized #u.s.treasurysecretary #californiaregulators #venturecapitalists #siliconvalleybank #bloombergreport #bankingsystem #craftventures #galaxydigital #mikenovogratz #receivership #techfounders #billionaire #svb

#SiliconValleyBank: Here’s how the second-biggest bank collapse in #UnitedStates history happened in just 48 hours

SVB's downward spiral began late Wednesday, when it surprised investors with news that it needed to raise $2.25 billion to shore up its balance sheet.

In a hysterical bank run #VentureCapitalists withdrew $42 billion of deposits by the end of Thursday, according to a #California regulatory filing.

Now, those who remained with SVB face uncertainty.

https://www.cnbc.com/2023/03/10/silicon-valley-bank-collapse-how-it-happened.html

One of the immediate consequences of Silicon Valley Bank's collapse is the many startups that didn't make payroll today--and may not make payroll next week.

Startups who were forced to bank there or not get funded.

#SiliconValleyBank #FDIC #VentureCapitalists

No #VentureCapitalists on the #fedi for me

“The #capital flowing into #GenerativeAi #startups which last year collectively raised $2.7bn in 110 deals, suggests that #VentureCapitalists are betting that not all the value will be captured by big #tech.”

#economist <https://economist.com/business/2023/01/30/the-race-of-the-ai-labs-heats-up>

please, if you have the financial means, support your instance, keep it independent

#mastodon #fediverse #support #independence #money #venturecapitalists

https://arstechnica.com/tech-policy/2022/12/twitter-rival-mastodon-rejects-funding-to-preserve-nonprofit-status/

I asked #GPT3 to pitch me a #movie about #monkeys, #AI, and #VentureCapitalists with a #PostPunk soundtrack. I think we can declare human creativity obsolete now.

@skinnylatte It’s funny that you close by comparing the lifecycle of #SocialNetworks to…gasp! #email. Email, like the #web, is a true #Internet *platform* described by industry standards evolved via consensus and multiple implementations, not driven by #VentureCapitalists looking for an exit strategy.

Email has its own nature, its own contours, and things it’s good at and bad at, but unlike social networks, it’s not supported by a one-way pipeline of #advertisers chasing an elusive #demographic