Question for you: who do you think has the luxury to be able to choose who to take money from? In my view, not many people. We're all scrambling to put food on the plates of our children (if not our own). It's extremely difficult to be picky and choosy about where we take money from... because it's what we need to survive.
Startup founders surely do have the luxury to choose who to take money from. Really.
Startup is a high-risk project, most people who take high risks have some sort of acquired resources and/or social support. Also most of startup founders have skills that are in demand equally from SMBs and corporations. That is another advantage that founders have.
Also, survive? Doing on average better than 90-95% of people on this planet is quite far from having problems for securing food for the day and lodging for the night.
Taking funding from a venture capitalist means giving them an ownership stake and a say in how your business operates. If you don't trust them, don't get along with them, and don't see eye to eye with them on basic fundamentals, then you should not take their investment.
I personally wouldn't take an investment from Vinod, but I'm not in the market either so he hasn't lost anything.
Question for you: picture the most evil person you can think of, alive or dead. If they offered to fund you, would you accept it?
If you answer no, than you must admit that the character of the donor comes into play with choosing to accept venture capital. Therefor the parent's question is perfectly valid; everything else is just your tolerance for "evilness".
If you answer yes, than I daresay you are narcissistic at best.
No one here is evil. VCs have a very important role to play in the startup ecosystem. Their job is to produce significant returns to their LPs. If you can't deliver that, then you shouldn't have taken their money.
I have a house not far from this debacle and I can see both sides of it, but what don't understand is that there's a million miles of coastline, well, miles and miles and miles of it, all equally good as Marin's beach. I'm sure it's the principle of thing, but one little stretch really inconveniences nobody and the vast majority of the coast from HMB to SC is completely open, undeveloped and fully accessible. If we really want to protect everyone's writes and access we should be pushing for wheelchair access and braille signage too.
Yes it is the "principle of [the] thing." That principle being, of course, that the circumstance of having immense wealth ought not imbue a person with the ability to restrict access to protected natural resources, like waterways and beaches.
Also, "one little stretch" may apply now, but "slippery slope" comes to mind. That isn't to say it's definitely a slippery slope to "completely privatized access," but any time another Vinod succeeds at challenging the law chips away at the above principle. I'm glad he lost.
This is the time I need to pop up every so often. Vinod has a very negative reputation in the Valley. He used to be known as the biggest anti-founder VC when he was at Kleiner. He'd come in, use sharp elbows to push founders around and out, then companies would crumble. He's learned but not enough.
His new marketing of himself has helped (as has Rabois), but you can't change who he is. When given a chance, he'll take advantage of early stage startups. That's why you don't see many companies he's made. And he's been at it a long time - 27 years! He gets in the way because it's all about him and his huge, insatiable ego. He's much more old school VC in that way - but in the Tom Perkins vein, not Don Valentine. It's his way because it's his money.
The only way to keep Vinod honest is to get other investors. If he's your lead, the knife isn't far from your back.
Yeah that's the funniest thing of the story. Before VK tried to block the beach access only a few surfers came every week, and few people knew about the beach. Now everybody knows and will flock to it!
I guess I just don't understand why Vinod would risk his reputation and his historical legacy on this issue. It seems to me that he and everyone else on the planet would want to go down in history as a "good guy". Especially because he has the opportunity with so much money to just do the right thing. The concept that is most sad to me is how an individual can not see past their own nose, and not think about all of the other people, in this case surfers who would get so much enjoyment out of this access. The cool thing about life is we continue to learn from others mistakes. Clearly, we can all learn that in life the most important thing to do is always think about others and not about yourself first.
Why? There's actually a fairly well established body of sociological research to this question. It falls under the general rubric of this term known as "Elite Deviance":
Never heard of "elite deviance" before, can't figure out how it's relevant here from the first page of google results, and don't intend to purchase a book to find out, but...
... it seems self-evident to me that you have to get your own house in order before it's wise to devote resources to others.
I can't imagine devoting time and energy to caring for the sick if you yourself weren't healthy.
I can't imagine donating money to the poor if you couldn't feed yourself or your own family.
etc
Yet those are logical conclusions to the philosophy that "in life the most important thing to do is always think about others and not about yourself first."
And yet I can imagine someone allowing others to use public beaches without first having their own private beach next to their mansion. How much do you help yourself before you have enough? It seems like many don't know when to stop.
Sorry; my post was intended not to go under yours, but under its parent. As to relevance to the the question posted in that message:
Just that the Martin Beach case seems to be an illustration of the fact despite that in general, the wealthy and powerful seem to feel they have a lot more lattitude in flouting various forms of what they deem to be mere "social convention" (you know, pesky things like zoning laws, or 150 years of legal interpretation of status Mexican land grants after California's admission into the Union, etc).
So you can count on the fact that if you or I were to decide to squat some piece of public property (based on our feeling that it was really ours anyway), our actions would stand for more than a couple of hours before we got pepper sprayed, put in a chokehold, etc.
But when a billionaire venture capitalist does it -- well the courts take 4 years to think about it before deciding that it was, heck, just a "misunderstanding" (as the judge in the Martins Beach case decided that Khosla's property manager acted in "good faith" when they decided to block access to the beach for 4 years without seeking a permit to do so).
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[ 3.0 ms ] story [ 121 ms ] threadStartup is a high-risk project, most people who take high risks have some sort of acquired resources and/or social support. Also most of startup founders have skills that are in demand equally from SMBs and corporations. That is another advantage that founders have.
Also, survive? Doing on average better than 90-95% of people on this planet is quite far from having problems for securing food for the day and lodging for the night.
I personally wouldn't take an investment from Vinod, but I'm not in the market either so he hasn't lost anything.
If you answer no, than you must admit that the character of the donor comes into play with choosing to accept venture capital. Therefor the parent's question is perfectly valid; everything else is just your tolerance for "evilness".
If you answer yes, than I daresay you are narcissistic at best.
Also, "one little stretch" may apply now, but "slippery slope" comes to mind. That isn't to say it's definitely a slippery slope to "completely privatized access," but any time another Vinod succeeds at challenging the law chips away at the above principle. I'm glad he lost.
s/way/weigh/ ?
His new marketing of himself has helped (as has Rabois), but you can't change who he is. When given a chance, he'll take advantage of early stage startups. That's why you don't see many companies he's made. And he's been at it a long time - 27 years! He gets in the way because it's all about him and his huge, insatiable ego. He's much more old school VC in that way - but in the Tom Perkins vein, not Don Valentine. It's his way because it's his money.
The only way to keep Vinod honest is to get other investors. If he's your lead, the knife isn't far from your back.
android version https://play.google.com/store/apps/details?id=com.escapeapps...
[0] https://news.ycombinator.com/item?id=8365061
https://www.goodreads.com/book/show/1381479.Elite_Deviance
... it seems self-evident to me that you have to get your own house in order before it's wise to devote resources to others.
I can't imagine devoting time and energy to caring for the sick if you yourself weren't healthy. I can't imagine donating money to the poor if you couldn't feed yourself or your own family. etc
Yet those are logical conclusions to the philosophy that "in life the most important thing to do is always think about others and not about yourself first."
Just that the Martin Beach case seems to be an illustration of the fact despite that in general, the wealthy and powerful seem to feel they have a lot more lattitude in flouting various forms of what they deem to be mere "social convention" (you know, pesky things like zoning laws, or 150 years of legal interpretation of status Mexican land grants after California's admission into the Union, etc).
So you can count on the fact that if you or I were to decide to squat some piece of public property (based on our feeling that it was really ours anyway), our actions would stand for more than a couple of hours before we got pepper sprayed, put in a chokehold, etc.
But when a billionaire venture capitalist does it -- well the courts take 4 years to think about it before deciding that it was, heck, just a "misunderstanding" (as the judge in the Martins Beach case decided that Khosla's property manager acted in "good faith" when they decided to block access to the beach for 4 years without seeking a permit to do so).