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by SapphireSun 4993 days ago
Some percentage of entrepreneurs get funded, some percentage of those actually make it. You need both, but there are fewer VCs than entrepreneurs. Therefore VCs have more reach even though they don't directly effect change. The potential of the change that happens is driven by the entrepreneurs of course. Trying to fit that into a "who's more important" hierarchy is just wanking. Reality doesn't fit in such a simple model.
1 comments

You misunderstand the question posed: who has more power? For instance, all entrepreneurs need customers, but not all customers need entrepreneurs. So, customers have more power to change the world? Of course not.
Well, in aggregate, yes, the customer's have the most power to change the world. The world can't change without people driving the change. A new company's success is directly tied to how many customers need what the company is selling.

Customers have the power to buy a solution. VCs have the power to fund a solution. An entrepreneur figures out what customers need and a way to provide that. And at the same time, also figures out how to get this venture funded. It's their position at the intersection, connecting the otherwise-unconnected dots, that gives them the power to really make something big happen.

EDIT: perhaps a better way of expressing what I'm trying to say is that taking the step to become an entrepreneur after seeing a problem is the most direct way to try to actually change the status quo and fix that problem.