| > But there is another important participant in the VC/entrepreneur relationship and that is the Company the entrepreneur creates and all of its stakeholders; the employees, the customers, the suppliers, and even the community around the Company. The stakeholders are - the employees! The customers! The suppliers! The community! He makes it sound like that anarcho-syndicalist commune in Monty Python and the Holy Grail. I guess it slipped his mind to mention - the VCs! The LPs! The LPs looking for their exponential unicorn returns within ten years. Benchmark is alluded to, and Benchmark has a long history now where you can look into their machinations on boards - Uber. Twitter. Epinions. An LP is an LP. VCs have a few decorative ones for PR, but ultimately the LPs are just the LPs - the real ones. There are those who work and create wealth. There are also those that do not work - like LPs. Rentiers who expropriate surplus labor time from those of us who do work. Since the dawn of civilization there has been a tug of war between those who do work and those rentiers who do not. This is yet another occurrence of the tug of that rope from one side to the other. Today it is Uber, but it has been a host of other companies before, and if they have the ability they will be pulling the rug out from those who built the company again in the future. Wilson's doggerel here is a transparent apology for what is ultimately rentier parasitism. Parasitism on those of us who work by those who do not. |
It as been successfully done at Valve
http://hbhblog.blogspot.pt/2013/03/valve-steam-anarcho-syndi...
http://www.econtalk.org/archives/2013/02/varoufakis_on_v.htm...