Blameful Post Mortem - Week 21
Chris Dixon of loathsome venture capitalist firm Andreessen Horowitz has been up to no good spreading blatant exaggerations about tech salaries: “What we see at #tech_companies is initial offers for top CS students (just graduating) starts at $200K/year.”
Wait, what?
After many people - including CEOs, graduating CS students from top schools, #Silicon_Valley entrepreneurs and workers at multiple publicly-traded tech companies - called bullshit, he deleted the tweet. Still, it stands as another example of venture capitalists deliberately and irresponsibly spreading misinformation that results in an artificial inflation of actual and perceived financial indicators in the tech sector. This both helps build the tech bubble and secure its eventual collapse in an orchestrated cycle which venture capitalists are the primary beneficiaries of.
Good work, team.
Et plus loin :
A WSJ editorial asks if Silicon Valley venture capitalists are investing in the wrong things: “And you don’t have to be a venture capitalist to question whether, from the perspective of net social benefits, or even just long-term return on capital, the problem of replacing instant messaging is a better investment than countless other potential businesses in the $16 trillion real economy.”
▻http://online.wsj.com/articles/is-silicon-valley-investing-in-the-wrong-stuff-1404688048