I'm back with my first blog post in years to make what I hope is a novel case for supporting Bernie Sanders in the 2020 Democratic Primary. The "Silicon Valley" or "Startup" take. I've got a lot of thoughts, but I don't see a ton of people expressing the techie/entrepreneur rationale for supporting Sen. Sanders, so that's the case I'm gonna make.
Support the Startup Economy
TL;DR - no policy would create more startups in the next ten years than establishing universal health care and eliminating student debt.
The economy around startups isn't what it should be. I'm from this world, and I honestly believe in the upsides of innovation and creativity that come from entrepreneurialism. But in spite of all cool things that have been built, all the new millionaires and billionaires, and the increasingly prominent role tech plays in our culture, the startup ecosystem is unhealthy.
The data tells us that fewer new businesses are forming in the US than prior to the great recession. While VC funds hover around all-time highs, those eye-popping numbers are driven more by big pools of finance going into late-stage deals vs forming new companies. There are still plenty of great exits, but a lot of that is just mergers and acquisitions into existing Big Tech behemoths. In other words, the action is more scale and consolidation than creativity and innovation.