Big Technology Podcast Venture Capital's FTX Mistake, Elon's Twitter Plan, Investing in Labor Tech— With Roy Bahat
Nov 16, 2022
Roy Bahat, head of Bloomberg Beta and advocate for future work technologies, shares insights on the evolution of labor organizing. He discusses the mistakes that VCs made with FTX and the lessons learned for future investments. The conversation dives into Elon Musk’s ambitious plans for Twitter and how they might reshape user engagement. Bahat explores how the pandemic has shifted the tech landscape and emphasizes the growing importance of labor movements, especially within tech, highlighting their potential to drive systemic change.
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VC Investment Strategy
- Venture capitalists sometimes prioritize potential for massive growth over mitigating risks.
- This approach can lead to significant failures, as seen with the FTX collapse.
Pandemic Miscalculations
- Many tech CEOs mistakenly assumed pandemic conditions would last forever.
- This miscalculation led to overhiring and unsustainable growth strategies.
Preparing for Uncertainty
- Prepare for unpredictable market conditions, even if it's less exciting than making predictions.
- Focus on raising capital, minimizing spending, and mitigating risks.