Alternative Futures
Community Over Capital: Building Tech That Serves People
Silicon Valley's venture capital model has failed us. It prioritizes growth over sustainability, profit over people, and shareholders over communities. But there's another way to build technology.
By FYT TEAM
•2024-02-28
•7 min read
Every startup pitch deck has the same slide: "Total Addressable Market: $X Billion." The message is clear—technology exists to extract value from human activity and concentrate it in the hands of investors.
But what if we built technology differently?
The VC Model is Broken
Venture capital demands exponential growth. This creates perverse incentives:
- User exploitation becomes a feature, not a bug
- Winner-take-all markets destroy competition and choice
- Exit strategies prioritize investor returns over user needs
- Surveillance capitalism becomes the default business model
The result? Technology that serves capital, not communities.
The future of technology isn't determined by venture capitalists. It's determined by us.
#community#capitalism#alternative-tech#cooperation