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Venture Capitalism - Debt Without Value

I've been working in the finance department of a manufacturing company for 19 years. I pay attention to the financial viability of retailers because we sell to them, and we like to be paid for our goods. I have seen venture capitalists in action. It is no exaggeration what these two are saying about how it works. I've seen companies slowly spiral into non-existence after venture capitalists suck the life-blood out of them.

It's true that a company can survive, and even thrive after a venture capitalist is through with it, but I'm not of the mindset that believes that such a company needed a venture capitalist's investment to begin with. But the owners wanted out, and they got money up front, so there’s the appeal. And the companies that die would have died that much sooner without them, but again, the owners got their money, so they’re happy. It all has a very slimy feel, IMO. My boss refers to it as "debt without value."

I love this interview, because it mostly consists of Stewart giving a scenario and Nocera agreeing with him. This is the reason Stewart is so good at what he does, and why the people at Fox Noise feel he is a threat. Yes, he is a comedian, but he's also very smart.

The Daily Show With Jon StewartMon - Thurs 11p / 10c
Exclusive - Joe Nocera Extended Interview Pt. 1
www.thedailyshow.com
Daily Show Full EpisodesPolitical Humor & Satire BlogThe Daily Show on Facebook



The Daily Show With Jon StewartMon - Thurs 11p / 10c
Exclusive - Joe Nocera Extended Interview Pt. 2
www.thedailyshow.com
Daily Show Full EpisodesPolitical Humor & Satire BlogThe Daily Show on Facebook


The Daily Show With Jon StewartMon - Thurs 11p / 10c
Exclusive - Joe Nocera Extended Interview Pt. 3
www.thedailyshow.com
Daily Show Full EpisodesPolitical Humor & Satire BlogThe Daily Show on Facebook

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