Follow-up to the most liked Grapevine post ever
Two months ago I posted this rant on Grapevine (https://share.gvine.app/CLkpBuEqcCvrzKvx6) which I think is one of the most viral posts on the platform.
Since then I took a break, learned Vipassana, went to the mountains, read, and reflected. Here are some truth bombs that have been exploding in my head
- There is a leadership crisis
Is it me or do today's self-proclaimed leaders just suck? Look around Grapevine: insecure toxic managers forcing people back to the office, overhiring CEOs who don't know WTF to do, and founders just abandoning ship.
"Leaders" and founders today are about as disconnected from reality as the political class, because like politicians most of them are privileged, sheltered, and already wealthy.
- Technological innovation doesn't mean progress.
I couldn't laugh harder when I saw the Indus Valley report basically saying that maybe all of us VCs overestimated how much money we could make funding lending and consumer apps.
Maybe funding lending apps that "open up credit for the poor" isn't sustainable when the rate of interest is >18%?
Technological innovation doesn't always mean real-world progress. A lot of times, it just ends up perpetuating and amplifying pre-existing inequality.
- Endless growth toward nothing
Most of India's startup money comes from the West. Most of that money was just printed to repeatedly get out of an economic crisis. That's it. There was no great vision to fund the future of humanity behind all this new capital. Just Central Bankers and Presidents pressing the "Create Money" button to delay the inevitable.
Most of us here owe our wealth to Easy Money. https://www.youtube.com/watch?v=EpMLAQbSYAw
PS: A book, that completely flipped my worldview during this time is this: https://www.amazon.in/Debt-First-Years-David-Graeber/dp/0143422715. I urge all fellow foot soldiers of capitalism to read this.
Until the next rant, stay sane, safe, and debt-free!
