Jerks and the Start-Ups They Ruin

Dan Lyons, New York Times, Apr 02, 2017
Commentary by Stephen Downes

I have long said that venture capitalists don't fund ideas, they fund people like themselves. Surely the latest round of business failures proves this. "Bro C.E.O.s are better at raising money than making money. So why do venture capitalists keep investing in them? It may be because many of the venture capitalists are bros as well." The is one of the reasons it's so difficult to find educational technology that aligns with an educational culture. Public and private investors pay less attention to the good an innovation can do for the community, and more attention to how much the applicant reminds them of a younger version of their ambitious selves.

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