Is Venture Capital Broken?
From the standpoint of innovation, entrepreneurs may be changing the way they are thinking—they are becoming less ambitious, says Sean Parker, creator of Napster and Facebook.
Sean Parker, the entrepreneur behind Napster and Facebook now turned investor, was talking about the state of the venture capital industry last week when he said: "There's too much money chasing too few deals." At 30, Mr. Parker, who was recently portrayed by Justin Timberlake in "The Social Network," has been thinking a lot about innovation—or the lack of it — in the United States. And he’s come to a depressing conclusion about the money industry that he says used to be "the engine of innovation" for this country. "The risk-reward doesn’t work out in favor of putting money into venture capital anymore," he said.
Swipe right to make the connections that could change your career.
Swipe right. Match. Meet over coffee or set up a call.
How you talk to people with drug addiction might save their life.
- Addiction is a learning disorder; it's not a sign that someone is a bad person.
These photos of scientific heroes and accomplishments inspire awe and curiosity.
- Here are some of the most important scientific photos of history:
China's Chang'e 4 biosphere experiment marks a first for humankind.
- China's Chang'e 4 lunar lander touched down on the far side of the moon on January 3.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.