{
  "$type": "site.standard.document",
  "description": "A well-researched, well-constructed and compelling read about the venture capital sector's ongoing malign influence on the economy. There is so much money chasing so few \"power law\" returns that heaps of cash is thrown at countless opportunities in the hope that the investors will land a seismic, world changing win. You get companies forced to grow faster to try and achieve this end or to change the structure of their endeavor entirely in order to get to a consequential liquidity event for investors. Forced growth at all costs. It's emblematic of the late-state capitalist hellscape we find ourselves in. We've seen it in the crypto boom and bust, we've seen it in the current AI hype cycle and we will see it again. They're distortions of the market in pursuit of scale, consequences be damned. Often the investors will reap the gains, founders may or may not and harms will be dumped on to whatever the venture aimed to disrupt.",
  "path": "/reading/books/9780593473481/world-eaters",
  "publishedAt": "2025-05-27T00:00:00Z",
  "site": "at://did:plc:sttgf52vkk46f6yuknvqxvgh/site.standard.publication/self",
  "tags": [
    "tech",
    "science",
    "business & economics"
  ],
  "title": "World Eaters"
}