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Who Are My Investors?

avc.com

51–60 of 264 posts

Re: Who Are My Investors?

#51
post #47

Honorable, but it could also be a slippery slope: how far back do you look? If an LP, or investor in general, uses their personally earned money, but they earned it through capital gains from tainted money - let’s say from stock in a company with human rights issues - do you ask about that and if so do you take their investment? If you only look at one degree, ie are your direct investors’ money clean, you could also…

Slippery Slopes are a slippery slope.

If you reason about everything in extremes, how can any solution ever be acceptable? The worst case for all real-world solutions are always bad.

Re: Who Are My Investors?

#52
post #33

Earlier quoted context omitted.

In fact for the corrupt, it could even be viewed as a net positive to know you have bad actor money "on your team" - whom may directly or indirectly help your cause to get things in your favour.

That's true for any "side", corrupt or non-corrupt -- you want more money because you trust your moral vision more.

Then that "non-corrupt side" is corrupt, therefore it's only the corrupt who do this; is ignorance bliss and an acceptable excuse and make you less responsible, how far along the chain of trust is enough?

Someone's moral compass is inherent to the equation - their path dictated by their ability to understand/be compassionate, and level of non-violent practice they hold themselves to; if they lead with bad acting and violence as "a means to the end" then I'd argue they're less intelligent - whether through emotional blocks from unhealed trauma early in life that put their ego mind up on guard and started layering coping mechanisms that blocked ability for compassion, and/or inherently on their genetics, brain structure, has prevented this.

This is all a holistic fight against violence and aggression, which through intelligence, the battle has become more and more and more subtle as a means of violence sustaining itself; we quickly put someone in confinement if they're physically aggressive and attack someone in our society, however manipulation and the such is perhaps the least aggressive - and so doesn't cause a reaction until it's perhaps too late, when the network of bad actors is large enough - and where they as a whole eventually realize they are or can get away with more and more.

Re: Who Are My Investors?

#53

At any business effort beyond hyper local markets, there is virtually no way to avoid tainted money or unethical markets. You're going to have to compromise somewhere. The question is, how and where do you draw the line? At some point as a founder/fundraiser, you will cross paths with finance or supply chains that support exploitation, coercion, violence or illegality. The most successful business people don't seem t…

I think most "us" are aware of the fact that we are essentially exporting human rights violations and environmental impact in return for low-cost items. So, one can only conclude we don't really care. Caring would have implied an immediate, drastic change in lifestyle.

Re: Who Are My Investors?

#54

I've been following Fred Wilson for a long time (like many others!), and I have a feeling that he genuinely cares, despite not enjoying full freedom on what to say and do, because that's the compromise you accept when you take money from others. This topic, "Who are my investors?", is incredibly important, potentially complex, and hard to judge or evaluate fully. Let me try to share my thoughts. Your job as a VC is t…

> I feel that most human beings, when facing a decision where the future is at stake, are not really capable of sticking to their principles

Perhaps it would be more accurate to say that these are their principles, specifically the principle that they themselves and their own futures are more important than anything else.

Re: Who Are My Investors?

#55
post #16

My general feeling is that no one involved really wants to know how the sausage is made. Recent events have highlighted Saudi Arabia as a major investor and that's caused more focus but deep down I don't think engineers, executives, VCs and everyone involved is really committed to getting the most transparent view of money flows. Because at the end of the day it means less money overall. I think regulation would have…

I'll throw my hat on the side of wanting to know how the sausage is made. I'm sure I'm not the only one.

I believe we are fully capable of making a better sausage, and doing it in better way. There may be many difficulties along the way, but that's the case with everything that is worthwhile.

Re: Who Are My Investors?

#56

At any business effort beyond hyper local markets, there is virtually no way to avoid tainted money or unethical markets. You're going to have to compromise somewhere. The question is, how and where do you draw the line? At some point as a founder/fundraiser, you will cross paths with finance or supply chains that support exploitation, coercion, violence or illegality. The most successful business people don't seem t…

>>You're going to have to compromise somewhere. The question is, how and where do you draw the line?

I think in this particular instance, the line is quite clear. I mean, “does not cut people to pieces alive with a hand saw in their own embassy” is a rather easy one to not compromise on.

Re: Who Are My Investors?

#58
post #51
post #47

Honorable, but it could also be a slippery slope: how far back do you look? If an LP, or investor in general, uses their personally earned money, but they earned it through capital gains from tainted money - let’s say from stock in a company with human rights issues - do you ask about that and if so do you take their investment? If you only look at one degree, ie are your direct investors’ money clean, you could also…

Slippery Slopes are a slippery slope. If you reason about everything in extremes, how can any solution ever be acceptable? The worst case for all real-world solutions are always bad.

You can't. What's needed is a framework and agreed-upon policy of what is acceptable due diligence in the community when taking investment money. Varying degrees of "organicness" for startups - like what you see in the meat section at Whole Foods.

Re: Who Are My Investors?

#60
post #38

Pretty much every single comment so far is cynical. "No one really wants to know how the sausage is made", lots of money is tainted anyway, it's just PR fluff, etc etc. The classic HN Middlebrow Dismissal in full effect. Counterpoint: cynicism is too easy. Actually giving a shit is harder, it's uncomfortable, it involves compromise. Yes, if you refuse investment from any country that has ever violated a human right,…

I tend to agree. I don’t get why people don’t value someone who starts to raise the bar. Even if that’s not high enough, why not see it as something that needs to develop over time?
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