Venture capitalists present themselves like the Truffle pigs, right? They think a better way to understand them is either we can be nice and call them herd animals or I think realistically they're parasites. These are people who were charismatic enough to get the money and went into business models and sectors where there wasn't any real chance of them creating the product they wanted. And so on the first count, I think there's the fact that they are liars or deceptive and manipulative.
Paris Marx is joined by Edward Ongweso Jr. to discuss how the venture capital industry works, why the technologies it funds don’t deliver on their marketing promises, and how that’s once again being shown in the hype around AI.
Edward Ongweso Jr. is a freelance journalist, co-host of This Machine Kills, and guest columnist at The Nation. You can follow Ed on Twitter at @bigblackjacobin.
Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.
The podcast is produced by Eric Wickham and part of the Harbinger Media Network.
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