Catherine Bracy - TechEquity & Venture Capital "World Eaters" - The Daily Show

[TexasTowelie]

Catherine Bracy, author of “World Eaters: How Venture Capital is Cannibalizing the Economy,” talks to Michael Kosta about the evolution of venture capital, from its origin as a mid-20th-century funding solution for risky companies with big potential for technological advancement, to the harmful economic backbone of the tech industry it has become today. She describes how the investment structure of venture capital pressures companies to “move fast and break things,” has made for a tech industry that prioritizes investors, often at the expense of consumers, how that model has festered into other corners of the economy, including housing, and how the organization she co-founded, TechEquity, is working to put guardrails on Silicon Valley to ensure that tech benefits everyone, not just a few people at the top.