On how we want to create value for our stakeholders
Of course, our mission is to share the monetary outcomes from the value created out of our collaboration with entrepreneurs and our investors. Because we are dealing with Technology, there are consequences.
Technology is such a powerful force that it shakes up and deeply affects not only fragile societal equilibriums [think automation and the workforce, democracy, privacy] but also our very individual behaviours [think social media]. We agree with Prof. Illah Reza Nourbakhsh, of Carnegie Mellon University that “Technology is not intrinsically good or neutral from a human perspective”. He is supported by Prof. Ben Kuipers’ statement (University of Michigan) who says that : “It has no sense of what’s appropriate and what’s not”.
That is why, as entrepreneurs and investors inventing and financing new technologies, we believe that we bear a responsibility to steer their evolution in a direction that is both ethical, societally beneficial to the larger population and respectful of our environment.
Making such calls may not always be clear or easy. Technologies may have unintended consequences. For example, promoting addictive habits (such as pushing screen use, stealing users time) is tempting but is it making our lives better? Sometimes. Not always. We ought to be mindful of the temptation to wrap deception or control technologies in seemingly innocuous services.
We think that properly harnessing such a strong political force should not be underestimated.