Obama's Tech Twit Conference Will Destroy Us All
source: http://gawker.com/5165617/obamas-tech-twit-conference-will-destroy-us-all
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The nation is in crisis, our economy on the brink. And yet President Change is spending time with a group of technowastrels whose sole noteworthy accomplishment has been to spend other people's money.
The group is ringled by ragingly egocentric former Google peon Chris Sacca. It also includes Twitter CEO Ev Williams; Josh Spear, the "youngest marketing strategist in the world"; and Jake Nickell, the "chief strategy officer" of online T-shirt vendor Threadless. (In Silicon Valley, when board members are not prepared to fire a founder outright, they often give him a meaningless title involving "strategy.")
It's one thing for the Valley's moneymen to maintain the polite pretense that the twentysomething entrepreneurs they fund are brilliant creators whose searing intelligence makes up for their inexperience, naïveté, and general ineptness. After all, if they pretend long enough, they can peddle whatever shlocky website their protégés have cooked up to an even more gullible private-equity investor or mutual-fund manager. 'Twas ever thus. We call this scam "venture capital," and in good years, it is mildly profitable.
The group is ringled by ragingly egocentric former Google peon Chris Sacca. It also includes Twitter CEO Ev Williams; Josh Spear, the "youngest marketing strategist in the world"; and Jake Nickell, the "chief strategy officer" of online T-shirt vendor Threadless. (In Silicon Valley, when board members are not prepared to fire a founder outright, they often give him a meaningless title involving "strategy.")
It's one thing for the Valley's moneymen to maintain the polite pretense that the twentysomething entrepreneurs they fund are brilliant creators whose searing intelligence makes up for their inexperience, naïveté, and general ineptness. After all, if they pretend long enough, they can peddle whatever shlocky website their protégés have cooked up to an even more gullible private-equity investor or mutual-fund manager. 'Twas ever thus. We call this scam "venture capital," and in good years, it is mildly profitable.
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