dsbatten on Nostr: I know of no industry that enshrines the profligate squandering of the human ...

I know of no industry that enshrines the profligate squandering of the human potential into its core business model like Venture Capitalism

Inbuilt is the assumption that 80% of companies will fail.

Every nuance of the Venture Capital business is baked around the erroneous assumption that this is an unchangeable truth

But ever since the ‘80s we have also known that 65% of these failures are due to avoidable human-centric reasons. (Sahlman)

Yet in 70 years, we’ve done almost nothing as a sector to try to turn that around.

This practice is failure in fiduciary duty to investors, failure in human duty to founders.

But there’s a harsher truth. Today, where 14c in every dollar goes towards climatetech - this practice is hampering our chance of bringing technologies that could reverse climate change to our planet.

Hard to fight a climate revolution when 80% of your revolutionaries die from self-inflicted wounds before their technology can make it to the battlefield.