310: What's the Big Deal about Venture Capital?

You would think from the vilification of capitalists in recent years that we are nothing but a waste of space on earth. "Pay your fair share capitalist pig!" That's what you hear these days from popular politicians on the left. Of course, in reality, without us, the government would be broke. What makes America great and what has made the world the place that it is in terms of technology and health care over the last century has entirely to do with the efforts of capitalists. Just think about all of those people walking around with iPhones these days. Was Steve Jobs doing that for free? Now, more people in the world have cellular phones and are connected to one another than any time in history. If you are the Unabomber and hate technology, you might have another view. However, technology has made our lives better and it is because of investments from capitalists like you and me. Now I'm not in the world of Venture Capital myself. If I knew enough to be able to invest intelligently I probably would be. Beyond its potential for huge returns venture drives innovation in our world today. And while most of us are far more interested in owning stable assets such as multi family real estate, it's good to know the role venture capital in our world today. And who knows, you may be inspired to become a venture capitalist yourself. Listen to this week's Wealth Formula Podcast episode to learn why Venture Capital is a big deal.