2020
DOI: 10.1177/1056492620929085
|View full text |Cite
|
Sign up to set email alerts
|

Hypergrowth Exit Mindset: Destroying Societal Wellbeing through Venture Capital Biased Social Construction of Value

Abstract: Exit! Exit! Exit! Our innovation ecosystems are focused on this goal above all else, thanks to the reliance on venture capital. Young potential entrepreneurs talk about exit strategies before even creating an innovation or starting a business. Our innovation ecosystems push them to do so in many ways. Seemingly straightforward questions to budding entrepreneurs such as “What is your exit strategy?” drastically shift focus and outcomes away from creating long–term societally beneficial innovations. We argue tha… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1

Citation Types

0
4
0

Year Published

2021
2021
2023
2023

Publication Types

Select...
4
2
1

Relationship

0
7

Authors

Journals

citations
Cited by 8 publications
(4 citation statements)
references
References 14 publications
0
4
0
Order By: Relevance
“…It is important to acknowledge my own positionality in this researchin my previous studies and employment in the technology and entrepreneurial sector, I saw how technology can emerge as a savior in many circumstances, but the amount of power, information asymmetry, and distribution of wealth is disproportionately profiting the privileged, there is a lack of questions asked regarding who are the people paying for the price of convenience brought about by technological advancements and true societal value from new innovations (Lam & Seidel, 2020).…”
Section: Chapter Four: Research Methodsmentioning
confidence: 99%
“…It is important to acknowledge my own positionality in this researchin my previous studies and employment in the technology and entrepreneurial sector, I saw how technology can emerge as a savior in many circumstances, but the amount of power, information asymmetry, and distribution of wealth is disproportionately profiting the privileged, there is a lack of questions asked regarding who are the people paying for the price of convenience brought about by technological advancements and true societal value from new innovations (Lam & Seidel, 2020).…”
Section: Chapter Four: Research Methodsmentioning
confidence: 99%
“…2 Scholars can investigate the sites of technological (re-)production impacting the action possibilities of those practicing "digital" culture, that is the users of various technologies (Berente & Seidl, this volume; Jarvis et al, this volume; Schildt, this volume). Consider the role of Silicon Valley in shaping an entrepreneurial culture favoring a venture-capital-driven ultra-growth-at-all-costs model with rapid exits, fostering a belief of technological solutionism and foregrounding ideas of the (male) lone entrepreneur (Eberhart, Barley, & Nelson, 2021;Islam, Pillet, Navazhylava, & Barros, 2021;Kenney & Zysman, 2019;Lam & Seidel, 2020;Nachtwey & Seidl, 2020;cf. Malmström, Johansson, & Wincent, 2017).…”
Section: Digital Work and Sites Of Technological (Re-)productionmentioning
confidence: 99%
“…In identifying SUsinvestable -VCs prioritize those that: (i) are scalable and innovative, (ii) present unreplicable business models and (iii) have high potential for long-term growth. However, this strategy does not eliminate the risks of their investments, as there is no way to guarantee the survival of the SUs to market fluctuations (Lam and Seidel, 2020;Que and Zhang, 2021).…”
Section: Introductionmentioning
confidence: 99%