An unsurprisingly great, thoroughly dispiriting show from This American Life. One point I didn’t hear made was a follow-up on this line from co-reporter Laura Sydell:
And a lot of these [Intellectual Ventures] investors are venture capitalists who expect very high returns. These are people who are looking for the next Google, the next Apple. People who want to get back many times what they put in.
But as this segment points out, the result of Intellectual Ventures’ business is that the next Google or Apple is that much less likely to get up on its feet. That point was referred to briefly at the show’s tail end, but only as collateral damage of IV’s venture, not as something that actually runs contrary to the long-term interests of the company’s VCs.