Billionaire ordered to unlock Martin's Beach but won't be fined $20M
latimes.com
latimes.com
... 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).
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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.
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.