"if Instapintora is worth $2 billion, of course they deserve to be able to hire 1,000 web builders, right? That’s the same argument you’ll find for bridges to nowhere and other pursuits void of inherent economic and public value. Sure, people are being employeed, money is changing hands, but come Monday morning, the hangover is that we spent a bundle to build a lot of shit that’s not going anywhere. As a result, we missed out on doing other worthwhile things. All those smart and talented heads, and all those benjamins, didn’t progress the economic base in a way we’re going to care about tomorrow. And that’s a damn shame."
#technology
#vc
#venture capital
#economics
