Silicon Valley Observation: the Problem with VCs Goes Beyond the Market

siliconangle.net

7 pointsrizzn3 comments

He started out like he was about to say something but then he drowned himself in silicon valley business speak. See:

"With quality people at the center of the Real-time equation, the new model for venture development is about being open and leveraging data for real time decision making to rapidly invest and build ventures. It’s a speed game. It’s a big opportunity. No one has cracked the code on this yet."

Hmmm ...

When you're talking about business, sometimes it's appropriate to talk in business-speak.

It is true, though - with innovation outpacing business much of the time, there is truth to that. The landscapes of tech shift daily, and I don't see many VCs with their fingers on the pulse of those shifts. Some, but not many.

"Business speak" as a term doesn't mean the useful business speak of increasing revenues, lowering costs, serving customers, pressuring suppliers, etc. It means things like "leveraging data," "strategic synergies," etc.

Reply on news.ycombinator.com