logo
episode-header-image
Jun 2024
49m 10s

688: How VC Shapes Startups (with Benjam...

StrategyTraining.com & FirmsConsulting.com
About this episode

Welcome to an interview with the author of Behind the Startup: How Venture Capital Shapes Work, Innovation, and Inequality, Benjamin Shestakofsky. This book draws on nineteen months of participant-observation research inside a successful Silicon Valley startup, and examines how the company was organized to meet the needs of the venture capital investors who funded it. Investors push startups to scale as quickly as possible to inflate the value of their asset. Benjamin Shestakofsky shows how these demands create organizational problems that managers solve by combining high-tech systems with low-wage human labor. Behind the Startup explains how the gains generated by these companies are funneled into the pockets of a small cadre of elite investors and entrepreneurs. Shestakofsky compellingly argues that we must focus less on fixing the technology and more on changing the financial infrastructure that supports it.

 

Benjamin Shestakofsky is Assistant Professor of Sociology at the University of Pennsylvania, where he is affiliated with AI at Wharton and the Center on Digital Culture and Society. He is the author of Behind the Startup: How Venture Capital Shapes Work, Innovation, and Inequality (on sale March 19, 2024, University of California Press).

 

Shestakofsky’s research centers on the relationship between work, technology, organizations, and political economy in the age of AI.

 

Articles based on his research for Behind the Startup have been awarded the 2021 Star-Nelkin Paper Award from the American Sociological Association’s (ASA) Section on Science, Knowledge, and Technology and the 2019 W. Richard Scott Article Award from the ASA's Section on Organizations, Occupations, and Work. His research has been supported by the Horowitz Foundation for Social Policy and the UC Berkeley Institute for Research on Labor and Employment. His work has been featured in the Financial Times, Axios, and in a publication of the World Economic Forum.

 

Author website: https://www.benjaminshestakofsky.com/ Book website: Behind the Startup: https://www.ucpress.edu/book/9780520395039/behind-the-startup X/Twitter: @bshestakofsky

 

Here are some free gifts for you:

Overall Approach Used in Well-Managed Strategy Studies free download: www.firmsconsulting.com/OverallApproach

 

McKinsey & BCG winning resume free download: www.firmsconsulting.com/resumepdf

 

Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

Up next
Today
796: You Cannot Join McKinsey Strategy (Case Interview & Management Consulting classics)
Far too many candidates demonstrate poor knowledge of consulting by insisting that they want to work for McKinsey strategy and not operations or BTO. This is a flawed strategy which will only hurt their chances in the short, medium and long-term. This podcast explains why and how ... Show More
10m 40s
Jul 7
795: Ignoring partners in an interview (Case Interview & Management Consulting classics)
You have been brainwashed by every single forum and case book to assume that McKinsey wants a framework and set of hypotheses, that you have stopped listening as carefully to the interviewer and simply providing hypotheses even when the interview is not asking for them! Here are ... Show More
9m 41s
Jul 2
794: Evaluating your firm's training (Case Interview & Management Consulting classics)
For this episode, let's revisit a Case Interview & Management Consulting classic where we discuss consulting firm's training. Too often clients ask the wrong questions when it comes to assessing training at consulting firms: do smaller offices have poorer training, should I atten ... Show More
13m 17s
Recommended Episodes
Jun 2024
454: How VC Shapes Startups with Benjamin Shestakofsky
Welcome to Strategy Skills episode 454, featuring an interview with the author of Behind the Startup: How Venture Capital Shapes Work, Innovation, and Inequality, Benjamin Shestakofsky. This book draws on nineteen months of participant-observation research inside a successful Sil ... Show More
50m 48s
May 2021
Ashby Monk – Innovation in Institutional Portfolios (Capital Allocators, EP.196)
Dr. Ashby Monk is the Executive and Research Director of the Stanford University Global Projects Center. Ashby was named by CIO Magazine as one of the most influential academics in the institutional investing world. His current research focuses on the design and governance of ins ... Show More
59m 52s
Jun 2024
458: Building an AI Meeting Assistant in Silicon Valley, with Krish Ramineni, Co-Founder and CEO of Fireflies.ai
Welcome to Strategy Skills episode 458, featuring an interview with the CEO of Fireflies.ai, Krish Rameni.    In this episode, Krish took us back to the early days of starting their company, Fireflies.ai, and how they stayed motivated despite the challenges. He shared valuable ad ... Show More
41m 50s
Jul 2024
461: Survive, Reset, Thrive: Leading Breakthrough Growth Strategy in Volatile Times (with Ex McKinsey and LBS lecturer, Dr. Rebecca Homkes)
Welcome to Strategy Skills episode 461, a follow-up interview with the author of Survive, Reset, Thrive: Leading Breakthrough Growth Strategy in Volatile Times, Dr. Rebecca Homkes.   How would you stabilize your business to withstand and grow through market shocks, reset your str ... Show More
49m 41s
May 2022
EP112 "MENA's Time Is Now" | Venture Capitalist Suneel Gokhale On Investing In Early-Stage Startups
In the latest episode of The Change Officer Podcast, we spoke to Suneel Gokhale, one of the founding partners of VentureSouq, a MENA-based investment firm focused on high growth early-stage technology companies. VentureSouq began as a side hustle when Suneel, his wife and two of ... Show More
58m 45s
Sep 2023
379: Ex Microsoft AI Strategy Expert on Strategy and Vision in the era of Artificial Intelligence (with Brian Evergreen)
Welcome to Strategy Skills episode 379, an interview with the author of Autonomous Transformation: Creating a More Human Future in the Era of Artificial Intelligence, Brian Evergreen. Autonomous Transformation provides a blueprint for leaders and managers who have aspired or atte ... Show More
49 m
Sep 2023
20VC: The Biggest AI Leaders on What Matters More; Model Size or Data Size & Where Does The Value in AI Accrue; to Startups or to Incumbents
Richard Socher is the founder and CEO of You.com. Richard previously served as the Chief Scientist and EVP at Salesforce. Douwe Kiela is the CEO of Contextual AI, building the contextual language model to power the future of businesses. Previously, he was the Head of Research at ... Show More
31m 20s
Feb 2022
Africa Startup Series – Peter Ngunyi, EarlyBird Venture Lab – Accelerating Africa’s Startup Ecosystem | #394
Today’s guest is Peter Ngunyi, founder and CEO of EarlyBird Venture Lab, which provides growth, acquisition and funding strategy for early-stage tech startups. In today’s episode, we’re talking to someone who’s seen the growth of the continent first hand over the last 40 plus yea ... Show More
38m 49s
Dec 2023
How to Build a Start-Up — Without VC Funding
As interest rates have risen in recent years, venture capital funding has dried up. How can founders grow their companies in this new environment? In this episode, a founder who grew a $600 million company using just $10,000 of his own money, shares his strategy. Mike Salguero is ... Show More
32m 42s
May 2024
Finding “Home Run” Investments
Venture capitalists don’t mind strike-outs, so long as they get their home runs. What can stock investors learn from that approach?  Ricky Mulvey talks with Ilya Strebulaev and Alex Dang, co-authors of “The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growt ... Show More
37m 16s