Don't get me wrong. I like what entrepreneurs can do-- to use your words, "adding value to the real economy-- creating new technology, finding cures for diseases, etc." Two things, though.
1. I don't think a new social media platform deserves in the same category as cancer research. When I talk about VC-istan, I'm talking about the former category. I know absolutely nothing about biotech.
2. There's no question that what entrepreneurs are doing has the potential to make the world substantially better. I'm only saying that among the people I've seen get picked to be founders, I've seen few good ones and mostly bad.
I don't have a "[my] industry". I've worked in finance, and in startups, and I generally work whereever I think it will benefit my career. I don't think it's wise to rule anything out.
Anyway, certainly I agree with the spirit of what you are saying. VC-istan could be really great, but it needs a total reboot and that involves most of the current crop of "cool kids" being out on the curb.
1. I don't think a new social media platform deserves in the same category as cancer research. When I talk about VC-istan, I'm talking about the former category. I know absolutely nothing about biotech.
2. There's no question that what entrepreneurs are doing has the potential to make the world substantially better. I'm only saying that among the people I've seen get picked to be founders, I've seen few good ones and mostly bad.
I don't have a "[my] industry". I've worked in finance, and in startups, and I generally work whereever I think it will benefit my career. I don't think it's wise to rule anything out.
Anyway, certainly I agree with the spirit of what you are saying. VC-istan could be really great, but it needs a total reboot and that involves most of the current crop of "cool kids" being out on the curb.