How the Valley Turned Silicon into Gold and Power w/ Rob Lalka

The Dynamist

Silicon Valley was once idolized for creating innovations that seemed like modern miracles. But the reputations of tech entrepreneurs have been trending downward of late, as Big Tech companies are blamed for any number of societal ills, from violating users’ privacy and eroding teenagers’ mental health, to spreading misinformation and undermining democracy.

As the media and lawmakers focus on modern gripes with Big Tech, the origin stories of companies like Meta and Google feel like ancient history or almost forgotten. Our guest today argues that these stories, filled with youthful ambitions and moral tradeoffs—even “original sins”—help explain how the companies came to be, amass profits, and wield power. And the lessons learned could provide a path for more responsible innovations, especially as the gold rush for artificial intelligence heats up.
Evan is joined by Rob Lalka, Professor at Tulane University’s Freeman School of Business and Executive Director of the Albert Lepage Center for Entrepreneurship and Innovation. He is the author of a new book, The Venture Alchemists: How Big Tech Turned Profits Into Power. Previously he served in the U.S. State Department.