World Eaters: How Venture Capital Is Cannibalizing the Economy - Hardcover

by Catherine Bracy (Author)

An urgent and illuminating perspective that offers a window into how the most pernicious aspects of the venture capital ethos is reaching all areas of our lives, into everything from healthcare to food to entertainment to the labor market and leaving a trail of destruction in its wake.

The venture capital playbook is causing unique harms to society. And in World Eaters, Catherine Bracy offers a window into the pernicious aspects of VC and shows us how its bad practices are bleeding into all industries, undermining the labor and housing markets and posing unique dangers to the economy at large. VC's creates a wide, powerful wake that impacts the average consumer just as much as it does investors and entrepreneurs.

In researching this book, Bracy has interviewed founders, fund managers, contract and temp workers in the gig economy, and Limited Partners across the landscape. She learned that the current VC model is not a good fit for the majority of start-ups, and yet, there are too few options for early stage funding outside of VC dollars. And while there are some alternative paths for sustainable, responsible growth, without the help of regulators, there is not much motivation to drive investors from the roulette table that is venture capital.

World Eaters is an eye-opening account of the ways that the values of contemporary venture capital hurt founders, consumers, and the market. Bracy's clear-eyed debut is a must-read for fans of Winners Take All, Super Pumped, and Brotopia, an appealing "insider / outsider" perspective on Silicon Valley, and those who are fascinated to look under the hood and learn why the modern economy is not working for most of us.

Author Biography

Catherine Bracy is a civic technologist and community organizer whose work focuses on the intersection of technology and political and economic inequality. She is the Founder and CEO of TechEquity, was previously Code for America's senior director of Partnerships and Ecosystem, and founded Code for All. During the 2012 election cycle she was director of Obama for America's Technology Field Office in San Francisco, the first of its kind in American political history. She is a prolific public speaker for places like Axios and the Personal Democracy Forum. Her TED Talk "Why Good Hackers Make Good Citizens" has almost one million views. Her work has been highlighted in the LA Times, New York Times, and NPR.