Stanford historian Leslie Berlin wrote an homage to Silicon Valley’s success that you may have seen linked around. It’s a good essay, but I was irked by a particular passage about Silicon Valley’s tradition of mentoring and reinvestment:
“This model of one generation succeeding and then turning around to offer the next generation of entrepreneurs financial support and managerial expertise is one of the most important and under-recognized secrets to Silicon Valley’s ongoing success.”
Berlin’s observation is true, but it’s phrased to make the phenomenon sound altruistic. Like I said on Twitter, the last round of entrepreneurs support the rising stars because they’ll get richer by doing it. There’s nothing wrong with that, and I don’t begrudge Marc Andreessen or Peter Thiel their fortunes.
However, I always feel slimy when self-interested profit-seeking is dressed as friendship and fatherly good feeling. Not that they can’t coexist, but no one amasses billions by only funding their friends and nephews (or nieces, theoretically). I’m reminded of Facebook’s Free Basics (née Internet.org), which is a marketing initiative passed off as philanthropy.
Stanford Theatre in Palo Alto. Photo by Franco Folini.
Language is important. Stories are important. The cultural memes that we absorb and the words we use to express them have real-world ramifications. (I know I’m either preaching to the choir or wasting my time, because those are the only two options on the internet…)
Maybe I shouldn’t worry about anyone else’s capitalist instincts, but it’s easy to be exploited when you’re convinced that everyone who helps you is doing it out of the goodness of their heart. If you feel like your business partner or your employer is granting you a favor, you’re less likely to stand up for your own end of the bargain.
inb4 someone calling me paranoid or cynical 😉
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