Randall Zaia
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"It was full of too many mercenaries, there because it was about to go public, not because they believed in social gaming"
What does it mean to "believe in social gaming"? Or to "believe in the social couponing space"? Are we to believe that there are employees at Zynga that think that building Farmville 2 is making the world a better place?
Zuckerberg seems to have a vision for what he hopes to accomplish that is entirely separate from making money, but for most of these companies, if I'm not mistaken, the ultimate goal for the founders, investors, and employees was to make money. I don't see how this makes them "mercenaries" any more than anyone else engaging in capitalist pursuits is a "mercenary."
Not to be an asshole, because he seems like a good guy, but I would rank Chris Sacca as probably top 10 in terms of most self-promoting VCs out there. The guy is clearly no stranger to panels and speaking engagements.
@breedm I know it's a rhetorical question, but let me answer it anyway. :)
His point is that success is only possible within the context created by a redistributionist, meddling, highly-regulated, borderline authoritarian state. It's a highly un-American point of view, as least as America was understood by the founding fathers.
@DonDodge What's more, the simple fact is that a good 50% of the country is paying a net ~nothing~ into the system. So not only are the wealthy creating the jobs, they're highly disproportionately paying for the public services that everyone enjoys.
The bottom line is that Obama is by far the most actively anti-business president of any of our lifetimes. What's even more disturbing than that are the number of Americans that buy into this openly socialist rhetoric.
@kostello The government played a massive role in the success of entrepreneurs because, you know, roads and stuff.
Michelangelo also presumably owes a great monetary debt to the inventor of paint.
@KenG "The internet was once a crazy government program." - created by the Department of Defense, the only government department that Obama wants to shrink.
"“We have a great story to tell, but we’re not telling it effectively,” says Villaraigosa."
For the love of all that is holy, please just leave us alone. Go build another $578 million school, lower the public employee retirement age to 40, continue bankrupting the state, build a multi-billion dollar light rail system that no one wants, whatever. Just please leave Los Angeles entrepreneurs alone.
Honestly I think the governments in most of sub-Saharan Africa are more competent and less corrupt than the LA City Government.
"Subscription commerce" companies are not in the ecommerce business - they are in the "people don't check their credit card statements" business.
If you assume this all would have happened anyway, one could also argue that they went public at just the right time.