Opinion certainty 3/5 debate potential 4/5

Oetting: Systemic US Racism Lies in the Court System, Ignored by Media

Drew Oetting · 20VC: Why VCs Have Forgotten Their Job To Invest In Entrepreneurs not Technologists, How To Know When Growth Creates Value and When It Destroys It & How To Bootstrap Learning Most People Acquire Over Decades with 8VC Founding Partner, Drew Oetting · Sep 27, 2017 · at 20:03

Drew Oetting, founding partner at 8VC, discusses US political discourse and social issues during a quickfire topic round.

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“On the left, there's very little talk in the mainstream media about the fact that the real prejudice and racism, in my opinion, that exists in the United States exist in the court system, not necessarily as much in other parts of the world.”

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More from Drew Oetting

Insight
Oetting: Deal-By-Deal Carry Is Poisonous To Internal VC Fund Culture
“Most venture funds are set up to be highly internally competitive, which I think is crazy in a market that's as externally competitive as venture. So things like deal by deal carry, things like giving credit based off sourcing deals or serving on a board, thes…”
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Disclosure
Oetting: 8VC eliminated deal-by-deal carry and individual deal rewards
“So ABC, we've done away with all that. We've incentivized collaboration. So there's no concept of this is my deal or your deal. I might have responsibility for certain aspects of it because of course there needs to be Delegation. But there's no concept of rewa…”
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Insight
Oetting: Functional AI Requires Vertical Enterprise Data Structures First
“In order for functional AI to exist in applications, especially in the business world, we need there to be data in software systems, which means we need enterprise software with highly complex and vertically focused data structures before AI can have very much…”
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Opinion
Oetting: Venture Capital and Private Equity Are Identical Businesses
“Venture capital is so distinct, at least culturally and, you know, in the media from private equity, because fundamentally they are very similar and really they're identical businesses done at different scale and at different times in a company's life cycle.”
Drew Oetting Sep 27, 2017 ▶ 4:16 20VC: Why VCs Have Forgotten Their Job To Invest In Entrepreneurs not Technologists, How To Know When Growth Creates Value and When It Destroys It & How To Bootstrap Learning Most People Acquire Over Decades with 8VC Founding Partner, Drew Oetting
Opinion
Oetting: Private Equity Is More Operationally Focused Than Venture Capital
“Private equity actually has been incredibly entrepreneurial for a long period of time and really actually much more operationally focused than venture capital.”
Drew Oetting Sep 27, 2017 ▶ 4:47 20VC: Why VCs Have Forgotten Their Job To Invest In Entrepreneurs not Technologists, How To Know When Growth Creates Value and When It Destroys It & How To Bootstrap Learning Most People Acquire Over Decades with 8VC Founding Partner, Drew Oetting
Assertion Partly supported
Oetting: Board Members Violate Fiduciary Duties By Prioritizing Founders
“As an investor, you are legally, if you're on a board, you are legally responsible for being company friendly. You are violating your obligations if you are founder friendly or if you are investor friendly. You're supposed to be company friendly to all stakeho…”
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