Ten years ago, I wrote how the rapid deployment of venture capital rounds is no positive indicator of humanitarian value produced. Over those ten years, humanity has not become more adaptable to nature because of the funds deployed, quite the opposite.
After years of ups and downs in the deployment of funds, we are here again. Having learned nothing from the prior internet bubbles, spawned by uniform and thus subprime arbitrage of venture capital, we again pat ourselves on the back for the speed at which we induce a whole new flurry of pump-and-dump schemes with excessive valuations sold to innocent greater-fools.
(Chart provided by Carta)