We have been a serial entrepreneur in Silicon Valley since the mid-nineties, and have experienced multiple booms and busts through the years. When the 2000 dotcom bust happened,We were an entrepreneur. When the 2008 financial crisis happened, We were an entrepreneur.
We have also thought deeply about the dysfunctions in capitalism, and today, We are working on a venture that is aimed at fixing some of them, and putting America back to work.
But let us tell you a bit of a story, first.
In November 2009, against the backdrop of a world reeling in the aftermath of the financial crisis, we wrote an important piece on Forbes column called Capitalism's Fundamental Flaw. In it, we underscored the observation that capitalism has been hijacked by speculators, and value creation and entrepreneurship are no longer at the center of the system. The modern financial crisis is but a manifestation of this fundamental problem, and rather than focusing on the rich vs. poor debate, we need to focus on how to rehabilitate the capitalistic system to put the emphasis back on value creation and entrepreneurship. This piece triggered a huge discussion all over the Internet.
In October 2010,we defined what the new form of capitalism needs to look like, and called it Capitalism 2.0:, according to a report in Huffington Post. >>More here
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