Simply providing more funding to entrepreneurs and fund managers does not solve systemic inequality because the underlying economic incentives remain unchanged, causing even well-intentioned efforts to inadvertently become extractive as they continue to require raising subsequent funds.
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Why Good Intentions Still Become Extractive本站添加:
Why can't we just give more finance to entrepreneurs? [music] Why can't they just scale? But then you work up the chain and then you realize, well, even if we fund more fund managers, they are still subject to the same fund manager [music] economics.
They will still become extractive inadvertently.
And they still need to raise their second fund.
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