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re: I'm Vivek Saraswat, investor in Dev Tools + Infra startups @ Mayfield and former product leader @ Docker/VMware/AWS. AMA! VIEW POST

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Hello Vivek,

Good to have you around, what I would like to ask is...

Mostly what I have observed before the innovation years started, I am talking like in the 90s and following, there was a very thin timeframe in which innovation, as its meaning says, did play apart but what I saw before and now is the same. All goals converge to just one point whether a startup or an open-source or similar and that goal is getting the most MONEY OUT IN EVERY WAY POSSIBLE..

Now money was supposed to solve problems and give a peaceful route to our lives but yet it has brought more problems that it was supposed to solve. Therefore, the innovation and the growth that we as a human race was supposed to be taking, that leap of growth, I see it exponentially fading away.
with more poverty, famine and disease (highlighting COVID-19).

To summarize, all one wants is to sell and nothing else, kind of seems pointless and leading towards our own extinction.

What are your thoughts about it?

 

Hi Muhammad--I agree with you that if all someone wants is to sell and nothing else, that is rather pointless indeed. I don't look for founders who are in it only for the money, I am looking for people who also want to make a real impact by building large-scale companies. In venture people often talk about "missionary" versus "mercenary" i.e. are you motivated by money or a mission? I think it is possible to do both--you can have an impact while being commercially successful at the same time. That is why cultivating values and culture are so important when building your startup, or anything else for that matter.

 

Well as far as my experience goes, being at CollissionConf in New Orleans and exhibiting there as well. I might have to say that I disagree with you based on query for venture people. All I see is pure inclination towards profit in terms of financial gains.

Ex. I created a Geo Tagging application for locating blood donors in your area, that was way back on 2016 but I did got appreciated while spending all the money and time on it but didn't get anyone interested because all they wanted was ways to earn money from it and no one cared if it could actually be used to save human lives.

What I see is a total shift of priorities of the human race and maybe that's why we have the COVID-19. Only if people thought about well being more than money.

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