VC Isn't VC Anymore: The Rise of Cancer Capital
VC isn't VC anymore – understanding the rise of Cancer Capital
Anil Dash, a veteran startup CEO who has raised tens of millions in venture funding, argues that venture capital has mutated into 'Cancer Capital'—a handful of billionaire-run firms that dominate the industry, evade accountability, and prioritize political power over innovation. He explains how regulatory changes allowed these firms to grow unchecked, shifting the balance of power away from founders and toward extremist agendas, with dire consequences for democracy and the economy.
We must understand that it is no longer a financial machine that is used to fund startups, but a political and social machine focused on dismantling democracy and civil society.