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.
In five months, my life shifted drastically. I exchanged my beloved students, the chalk and the noisy halls of a public school in Barcelona for elevator pitches with business angels in Palo Alto.