Futurology

Submission Statement

The irony of this article is that Dharmesh Thakker, the head of Battery Ventures, never joins the economic dots. Venture capital firms only have other people's money to invest, because there are other people with jobs spending money, thus generating savings, pensions, and income to invest.

You rarely see journalists in business publications asking questions that arise from this line of thought. Yet the economic logic of shredding the human workforce is recession and deflation; bad news for VC firms.