Why Venture Capitalists Are Mad, With Bloomberg Beta Venture Capitalist Roy Bahat

Big Technology Podcast

Alex Kantrowitz

Technology, Religion & Spirituality, Business News, Business, Religion, Science, Philosophy, Society & Culture, Entrepreneurship, Management, Marketing, Politics, News Commentary, Government, Investing, Tech News, Social Sciences, News

4.6 • 395 Ratings

🗓️ 23 September 2020

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Venture capitalists, founders, and others in the tech industry are feeling pretty raw these days. Once admired as upstarts fighting the status quo, they now feel under siege, under attack for the negative things their products do without being appreciated for how they improve our lives. Bloomberg Beta head Roy Bahat, a veteran venture capitalist, joins the Big Technology Podcast for a nuanced conversation about what's going with the tech world, how it's innovation may be connected to its problems, and how it should handle the criticism.

Transcript

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0:00.0	From LinkedIn News, I'm Jesse Hempel, host of the Hello Monday podcast.
0:05.1	Start your week with the Hello Monday podcast.
0:08.1	We'll navigate career pivots.
0:10.1	We'll learn where happiness fits in.
0:11.9	Listen to Hello Monday with me, Jesse Hempel on the LinkedIn Podcast Network or wherever you get your podcasts.
0:31.6	Thank you. or wherever you get your podcasts. Hello and welcome to the big technology podcast.
0:34.6	Great to have you here for another week.
0:36.6	Our guest today is an amazing guy. His name is Roy Bahat. He's the head of Bloomberg Beta. It's a venture firm funded by Bloomberg LP that currently has $225 million under management. So no small amount. I think Roy is like the dean of the VCs here in Silicon Valley.
0:55.2	I respect him greatly.
0:56.6	I feel like he's one of the more even keeled folks in this world.
1:00.7	And I'm really excited to be able to sit down with him for a conversation today,
1:04.3	talking about everything in the tech world from the venture capitalist controversies
1:08.2	to what's going on with social media and the election.
1:11.4	So Roy, a warm welcome to the big technology podcast.
1:13.9	That is really kind of you, Alex. I feel myself like I'm more on the outside of the inside than,
1:20.7	but, you know, Dean's status in this industry, if this industry goes in the right direction,
1:24.5	would be an awesome thing. So thank you. And I'm ready to talk about
1:27.7	whatever you think would be of interest. Awesome. Yeah. I mean, definitely like, I feel like an
1:33.1	important thing in this world is like setting the right tone. And you're like one of the VCs out there that
1:39.6	are very public with what you think. And I've always been impressed with it. It's not hyperbolic.
1:46.0	It really, you tackle like the important issues in this world, not skirting around them.
1:50.7	And I feel like you don't yell at journalists. And that's a good start. So I definitely do not
	...

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