Hacker News new | past | comments | ask | show | jobs | submit login
How to Turn Around the U.S. Tech Economy in One Week (pbs.org)
5 points by known on Oct 9, 2008 | hide | past | favorite | 2 comments



The lead is seriously buried (last paragraph). After rambling about moving to India he presents his "plan" to turn around the economy:

"Next week, Every venture capital firm in America should take five percent of its available funds and invest that money with best deals they've all had sitting on their desks for months. It doesn't matter what the startups are. Give them the darned money, which I calculate to be about $5 billion spread across a thousand new companies. It isn't tax money, government money, money taken away from education or Medicare. Its just money that was already intended for high-tech investment - money that probably would have been lost anyway. INVEST IT! Stop trying to pretend you are so smart or that your input and board membership really makes a difference (it doesn't - you heard it here first) and write the checks."

Sounds oddly like the reverse of: http://www.snopes.com/politics/gasoline/nogas.asp


Probably tl;dr for the internet crowd these days, but I agree with the end conclusion.

Mr. VC, remember that silly startup you didn't want to fund because it actually targeted a niche market with paying customers? Well, I've got one for you, except you preferred Facebook applications and poke-me widgets.

Time to fund real businesses.




Consider applying for YC's Fall 2025 batch! Applications are open till Aug 4

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: