309. Does the World Feel $800 Billion Better?

This Machine Kills

We kick off with a critical look at reporting on the peaks and valleys, upswings and downturns in venture capital and start-up exits—and ask the $800 billion question: has all this unfathomable investment and “value creation” by the tech sector resulted in a better world? Did your life in 2023 feel better? Did society seem $800 billion better? Or has it actually just felt worse? If so, then what’s the point of this innovation system and its strategies, metrics, and benchmarks? We then end by chatting about the mass sympathy strikes against Tesla in Scandinavia. ••• US venture capital fundraising hits a 6-year low https://www.ft.com/content/cfb186c8-22f4-4a82-b262-f4380a5d82b8 ••• From Unicorns to Zombies: Tech Start-Ups Run Out of Time and Money https://www.nytimes.com/2023/12/07/technology/tech-startups-collapse.html ••• Musk's woes deepen as Tesla strike spreads across Scandinavia https://www.france24.com/en/europe/20231215-musk-s-woes-deepen-as-tesla-strike-spreads-across-scandinavia Subscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)