It is intellectually dishonest to lump venture investors with hedge fund and buy-out investors.
From Jose Ferreira
The factory model of education is a gargantuan bureaucracy. Some kids are good fits - I wasn't. The system gives you bad grades and tells you you're stupid. You don't think, 'If this kid's not a good fit, it could be the system's fault.'
Venture capitalists buy minority positions in young companies they think will grow quickly; buy-out investors buy most or all of companies they think can be turned around by fixing a few basic things.
Venture capitalists certainly create value for themselves, but they also singularly create value for the rest of the world.
Venture capital today is clustered in just a few locations - Silicon Valley, New York, Boston, and D.C. It's far from efficiently distributed and accessible.
In a crisis, markets always look to see who is the next-worst off and proactively begin shying away from them.
Anyone who sincerely wanted to use policy to reduce illegal immigration should start by crafting legislation based on changing actual behavior.
If the penalty for hiring illegals is just a fine, it becomes a business decision. But if the penalty is jail time, illegal immigration will come to a screeching halt.
Stop pretending there's anything wrong with businesspeople hiring diligent laborers who will work for less. Let employers sponsor any worker and argue for why that worker should be given citizenship. Such a vetting mechanism would naturally promote the best and hardest-working.
Immigration has defined my entire life. My parents left Mozambique with nothing but their wits in search of a better life for their kids. They moved to England in the 1970s, saw the classism there, and left for America soon after.
9 perspectives
7 perspectives
6 perspectives
5 perspectives
1 perspectives