Their job. The overwhelming subpriming of venture capital has systemically destroyed the opportunity for prime innovation intake. With entrepreneurs made to believe their brainpower is best spent generating advertising clicks.
The how I describe on my blog in excruciating detail. Of the few companies that escape the wrath of subprime venture arbitrage, the majority are allowed to deploy economics that is unsustainable (and in some cases have a serious global impact), and thus erode the trust of and hard-earned savings by the public – post IPO.
Entrepreneurs deserve a more robust arbitrage that determines the viability of their innovation. Entrepreneurs should not be held hostage by an arbitrage chockfull of investor collusion and socialism that violates the free-market economics our country set out to deploy.
The VC “industry” is ripe for fundamental disruption.