Nirav Tolia, the CEO of neighborhood social networking site Nextdoor, has always been passionate about community. In fact, he said he has always sought it offline and online, believing that that it is always more powerful to be part of a group: "We can all achieve greater things as part of a collective," he said.
Venture capitalism has a disproportionate impact on the economy. It helps to ensure that technological innovation enriches the few and sustains jobless economic growth. Industrial policy in the hands of the government ideally creates wealth and spreads it around. Venture capitalists pick a handful of winners as part of a process of concentrating wealth in fewer and fewer hands.
There's no easy solution to this problem, but understanding it can temper the expectations of wildly optimistic new entrepreneurs with misplaced notions that venture capital is ripe for the picking. If you want venture capital these days, you need to prove your worth first--and often, that means sinking or swimming by your own hand and your own finances.