The greatest lie we tell ourselves in business is that we live in an era of rapid tech-driven change. The 2nd is that innovation is rife & that Silicon Valley is an engine for new ideas. The world of VC is Inherently: -Risk-averse it finds well-proven business models, often from years ago ( reoccurring revenue, monthly boxes, ad and data supported, direct to consumer etc etc) as a basis for investment. -Backwards looking, as valuations can only be based on multiples of business models with ample historical data to support it -Insular as VC firms look to each other for inspiration, they decide together that 2018 will be the year AI, Voice, or Crypto are the companies to favor, in 2020 it will be about wellness, remote access. They make decisions based on a fear of missing out, not a passion for what can be done. -Tech centric, it’s based on the tech du jour, and ignores any aspect of what consumers would love, or what problems we’ve love solved, or what new possibilities there are to create consumer delight VC has killed real innovation, Silicon Valley is the best place to make money from well-executed poor identikit ideas. Why can’t we have true innovation, people who really want to make things that improve our lives? Why can’t we solve problems in the world? …see more