tech has become a cesspool of slimy founders + and unbridled capitalism - this needs to stop for the greater good
Seed money is the first to take the risk and deserves the majority share of profit
VC (series A,B,C) are putting in the most money and brining big hitters for the board and advisors. They clearly deserve the majority share.
Founders do all the work and it's their idea so they deserve all the money.
The second generation leaders productive, operationalize, and bring legitimacy to the company, so they deserve all the money.
Whichever group has the leverage forces the table to tilt their direction.
It doesn't matter how good the potential is, how sure the victory is, how close the first breakthrough customer is, if you don't trust someone, or there's a slimy/smarmy vibe then just walk away. It's not worth putting in years of effort to have to resort to contract lawyers to get paid.
Somewhere in the past few decades we've conflated the two - and a larger portion of our population believe that Capitalism is the goal. It's not, it's a way to achieve our goals. It is efficient, it is effective, it will always have little to no morals and consolidate in the hands of the few. That is not a judgement of the system it is an assessment. No different than stating a hammer will will work well with nails and poorly with screws.
We as a world society (and particularly an American socienty) need to refocus on what our goals of society are. And actively decided when to use and when to rein in specific tools to achieve our goals.
Absent of focusing on goals, our tools become our goals and we get the results we're seeing today.
I'll avoid getting into an internet argument, and just leave this quote here.
> tech has become a cesspool of slimy founders + and unbridled capitalism - this needs to stop for the greater good
This was the thread the comment was posted in and it's entirely the topic of discussion.
In the future try to choose more productive ways of describing people's views and engaging in discussion than as 'rabble-rousing' 'rants'.
If you want to understand what the implications are you need to spend time not with technologists but with ecologists. In nature there is a reason the apex predator doesn't evolve predatory advantages at a faster rate than its prey evolves defensive advantages. These rates grow or shrink in lockstep depending on resource availability. If they don't the ecosystem collapses.