Boyle: VC creates jobs while private equity fires people
Katherine Boyle · American Dynamism (with Katherine Boyle) · Acquired · Jun 6, 2022 · at 44:32
Katherine Boyle, General Partner at Andreessen Horowitz, contrasts the fundamental economic roles and cultural perceptions of venture capital versus private equity.
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“Private equity and venture capital as a category could not be more different from what they are doing. Venture capital is creating new things from nothing, and it is creating more jobs, it is Pouring money into companies so that they can grow, expand, and solve new problems with the most modern technology possible. And private equity is the death of old companies, and it's consolidating them, firing people, and ensuring that they're going to be able to create value from things that have already existed.”
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