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TechEquity's Catherine Bracy On What Venture Capital is Doing to our Economy
Description
Venture capital is meant to infuse burgeoning companies with cash to grow, but instead it’s become a sector that is too obsessed with raking in short-term results and rapid growth at any cost. So argues Catherine Bracy in her new book, “World Eaters: How Venture Capital is Cannibalizing the Economy.” Bracy examines how the venture capital model has led to countless companies failing and has distorted industries from food delivery to housing. Bracy has advocated for making the tech industry more equitable, diverse and sustainable as founder and CEO of Oakland-based TechEquity. She joins us to talk about why she thinks venture capital is hurting the
economy and how to fix it.
Guests:
Catherine Bracy, executive director and founder, TechEquity; author of "World Eaters: How Venture Capital is Cannibalizing the Economy."