Silicon Valley
They tend to
have a lot of experience themselves in the technology business. This helps them pick the
right startups, and means they can supply advice and connections as well as money. And
the fact that they have a personal stake in the outcome makes them really pay attention.
Bureaucrats by their nature are the exact opposite sort of people from startup investors.
The idea of them making startup investments is comic. It would be like mathematicians
runningVogue-- or perhaps more accurately, Vogue editors running a math journal.
Though indeed, most things bureaucrats do, they do badly. We just don't notice usually,
because they only have to compete against other bureaucrats. But as startup investors
they'd have to compete against pros with a great deal more experience and motivation.
Even corporations that have in-house VC groups generally forbid them to make their own
investment decisions
annaabi.ee 
