One of the less noticed problems in the huge political battles waged among the elephants is the small individual casualties. Several days ago David Anthony committed suicide. He was a very nice man and the founder of 21Ventures, an innovative venture capital fund that emphasized clean energy. His fund has not done well.
There is no suggestion that his business motivated his death; he had personal health and family problems sufficient for despair.
David Gelbaum, another venture capitalist and an associate of Anthony, responded to an assumption in Anthony's obituary that their investments were politically motivated:"I invested in cleantech to make money, not because of my political ideology. Needless to say, I didn't make any money. On the contrary, I wiped out my family's liquidity."
It's is exciting to watch the government tweak an investment here, suppress an investment there. But, of course, it's not their money. There are real consequences to actions in real life. And real economics can be especially cruel.
Friday, April 13, 2012
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