It's not that Blank believes that the entire startup ecosystem is a sham . Instead, the Silicon Valley pioneer said that the system could benefit from some oversight, though not necessarily in the form of government regulation.
These days, venture capitalists are pouring billions into social media apps and entertainment platforms in hopes of funding the next TikTok or Netflix, and the technologies that we actually need are woefully underfunded or overlooked, in Blank's view.
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