| Kate Robson | This Week 17th October 2021 |
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Hi everyone, I hope you've had a great week. Here's the run-down of mine! |
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Essays Made EasyThe essential guide to Section 2 to get you the GAMSAT mark you need for Medicine. Welcome! About Me Hi friends, I'm Kate. I scored 80 in Section 2 of the GAMSAT in the March 2021 sitting. This put me in the top 0.7% of that section. |
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GAMSAT Section 2Research Recommendation: |
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Continuing on with our capitalism saga, I wanted to dive into the world of venture capitalism. This niche is quite particular and only concerns a very small handful of people in the world, but its repercussions affect billions. To be honest, I picked this topic this week because I wanted to get to know it better myself and thought that there might be potential for a GAMSAT example in there. When I read into it a little more, I was rather surprised with how little it has been reported on in my favourite long form journalist magazines (The Conversation, Atlantic, The New York Times, The Economist), considering that where venture capitalists put there money trickles down to us mere everyday folk. In essence, venture capitalists are (usually large, industry-based) investors who throw a lot of money at start-ups that are about to enter their growth phase, make a lot of money off the market, and then sell a bunch of stock at the end of the growth phase, before profit plateaus again. (The Harvard Business Review article below has more on this). Venture capitalism is often associated with Silicon Valley, the start-up hub of the world. This is because lots of venture capitalists are based in or invest in start-ups emerging out of Silicon Valley. This provides us with a nice segway into just how insanely powerful Silicon Valley is these days. It's like the new Rome. So much of the world's wealth is concentrated into one tiny place in the U.S, that if it were a country, it would be one of the richest in the world. We rely on it, we feed it, and venture capitalists prey on it. Have you ever thought about what economic and social impacts that might have on the world? What might happen if Silicon Valley falls like Rome did in 476 AD? What are the implications of a society that allows for a select few to choose which entrepreneurs will be given funding to prosper and send their business ideas out into the big wide world? These things are worth thinking about, reading about, and weaving into your essays in the context of wealth, power, elites, poverty, and capitalism. |
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How Venture Capital WorksInvention and innovation drive the U.S. economy. What's more, they have a powerful grip on the nation's collective imagination. The popular press is filled with against-all-odds success stories of Silicon Valley entrepreneurs. In these sagas, the entrepreneur is the modern-day cowboy, roaming new industrial frontiers much the same way that earlier Americans explored the West. |
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How Venture Capitalists Are Deforming CapitalismEven the worst-run startup can beat competitors if investors prop it up. The V.C. firm Benchmark helped enable WeWork to make one wild mistake after another-hoping that its gamble would pay off before disaster struck. In 2008, Jeremy Neuner and Ryan Coonerty, two city-hall employees in Santa Cruz, California, decided to open a co-working space. |
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Silicon Valley's Toxic Culture Requires a Legal FixClosing a legal loophole will improve the tech industry's office culture-and help gig-economy workers and other independent contractors, too. About the author: Ginny Fahs is a technology policy fellow at the Aspen Institute and cofounder and executive director of the #MovingForward movement. To see this venture-capital firm's sexual-harassment policy, my only option was to show up in person. |
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Peter Thiel, scourge of Silicon ValleyF OR A MAN who wants to live for ever, Peter Thiel has already done enough in his 53 years to leave mere mortals exhausted-and mostly frustrated. The venture capitalist, techno-Utopian and scourge of the liberal left is a myriad of contradictions. Enjoy more audio and podcasts on iOS or Android. |
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My recommendation for the week: |
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Book: Sort Your Money Out & Get Invested Glen James, Founder of My Millennial Money Because I love being a self-aware ironic hypocrite, I thought I'd recommend an investing book for this week. Recently, I've been getting into personal finance in a BIG way and I feel good about it. I've never been so on top of my own spending, saving, and financial goals for the future. My Millennial Money is one of my favourite Australian Personal Finance podcasts and I find that Glen makes it all super approachable. He just released this book and it pretty much tells you everything you need to know in one space to sort your money out and get invested. Highly recommend for anyone else wanting to do the same. |
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This week's video:No video this week! :( I had a huge weekend running my half marathon and have been working on a video of that. I've been documenting my training over the last few months and filmed some of the race today so that should be out in the next few days! Excited for this one though, should be good. |
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A moment of joy I had this week: |
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My first ever half marathon This morning, I ran my first half marathon. My dad and I ran it together, the full 21.1km, all the way through Sydney. We had a blast. It was super fun to do it together and we ended up doing it at a pretty great pace! It must have been the excitement of the big day, but I felt like I was being pulled towards the finish line. I've got a couple bad blisters on my feet and my whole body is in need of a big rest, but I couldn't be happier about it all. When I started running a couple years ago, I knew I eventually wanted to do a half, but I didn't think it could feel this good and be so joyful. Proud of myself! |
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Hope you guys have a wonderful week and see you next Sunday. Kate :) |
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