@homanspirit
sf is such a unique place.
taking risks is encouraged and people genuinely want to help you win. i've never felt this energy anywhere else.
sf runs on venture capital. we don’t appreciate how unique vc is compared to debt (the default).
vc means sharing equity in upside without owing downside. when we share equity, we literally unite toward a shared goal. we’re incentivized to help each other win and grow the pie.
debt is extractive. lenders don’t care if you succeed or by how much. they just want back what they gave you, plus interest.
an ecosystem built on shared upside will naturally be more helpful and optimistic because it unites us with incentives.
and the more abundant capital becomes, the more these incentives are amplified (leading to even more helpful culture) because it shifts power from capital allocators to creators themselves => leading to less room for those trying to extract using capital as leverage.
0 reply
0 recast
0 reaction