NYC’s venture capitalists need to love themselves

I really want a lot of venture capital investors to work on their self-esteem. After a few decades of supporting and mentoring New York City’s tech community, I hope I’m credible when I say I care a lot about how it thrives. So one of the most disappointing—and frankly surprising—things I’ve seen lately is how many investors in the greatest city in the world have been lowering themselves, sucking up for approval from a cohort of Silicon Valley tycoons who hate our city, hate our values, and want us to fail. I’m furious because there are so many good people and good ideas here that deserve to thrive, and aren’t getting the chance. Why would anyone sit by while outsiders put our community down, only to let those same outsiders profit off us when we succeed anyway? In fairness, I’m not talking about all of our city’s investors. Some are content to keep their heads down and hope the worst of the West Coast doesn’t notice them. But imagine if our other civic institutions worked this way:…

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