Reading many blogs from various VC’s and entrepreneurs, I get the impression that they are on the side of Occupy Wall Street. Or, if they aren’t on their side totally, they are cheering for them.
Here is what I don’t understand. The VC and entrepreneurial community wants to fund businesses that are disruptive, make things horizontal, and decentralized. Currently, many of the hottest businesses take the power from dominant players and put it into the hands of individuals. There is huge power in catering to individual choice, and individual consumers can exert a great amount of influence over the profitability of a company. Freedom is unleashed and the power of that freedom increases productivity and profit. Individual choice benefits the masses.
Yet, when it comes to government, these same VC’s and entrepreneurs contribute, and actively campaign for Democrats. Democrats are the antithesis of where most of them try and earn a return on their investment dollars. Democrats are for huge centrally planned bureaucracies that always screw things up and cater to the middle, not the individual. Freedom is limited and restrained. Certain favored individuals get what they want, but the masses are left in the lurch.
The logic doesn’t add up.
Here is a different way to put it. If you are a VC that supports Occupy Wall Street, don’t invest one new dollar in Silicon Valley or Boston or Austin. They are the 1%. Invest in Detroit or Cleveland. Aren’t they the 99%? If you happen to be fortunate enough to earn a return, donate most of the profit to charity.
That’s what Occupy Wall Street is telling everyone, or at least that’s what I am hearing.