I truly believe the next 10 years of successful VC investing will be neither about crypto or AI or hardware or software.
It will be about RESPONSIBLE INVESTING.
Some founders and VCs rode the past few tech waves (eg. last 10–15 years of mobile, local, social, cloud, crypto, AI, etc) to great financial success, but paid somewhat limited attention to how tech was used to further improve on average human condition and health, national security interests of our country, and global issues like climate change, inequality, extremism etc. Vs facilitate deliberate or indirect damage to others.
Rest of society is, imo, catching up to such extractive/mercenary elements in tech and VC, and all of us are seeing/feeling the pushback. This past week’s events highlighted them even more.
But not all founders and VCs are mercenaries. In fact, many feel very mission-aligned to doing good in the world, and they strive to use technology to solve important problems. I am betting on those trends, and those types of company building efforts to succeed, esp as advanced technologies pervade all aspects of society: from education and elections to dating, finance, medicine, law, manufacturing, religion, defense, and more…it may not make quick money, it may take a bit longer, and it may require us to do things a little differently as we scale companies, but it’s the right thing to do for long term continued success of Silicon Valley.