454: How VC Shapes Startups with Benjamin Shestakofsky

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 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

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

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

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212: What makes it a transformation study? (Strategy Skills classics)

212: What makes it a transformation study? (Strategy Skills classics)

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211: How to complete logical case studies? (Strategy Skills classics)

211: How to complete logical case studies? (Strategy Skills classics)

For this episode, let's revisit one of the classics by Strategy Skills where we discuss how to complete logical case studies. Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

26 Jan 202210min

210: Three career path options for consulting partners (Strategy Skills classics)

210: Three career path options for consulting partners (Strategy Skills classics)

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24 Jan 202213min

209: When should you not brand yourself ex McKinsey (Strategy Skills classics)

209: When should you not brand yourself ex McKinsey (Strategy Skills classics)

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19 Jan 202211min

208: Great management consultants are artists (Strategy Skills classics)

208: Great management consultants are artists (Strategy Skills classics)

How do you become an outstanding management consultant? Should you excel at analysis? Should you master problem-solving? Should you become the world's most gifted communicator? You could master all of the aforementioned items and still be an average management consultant at best. Great management consultants have all these skills but they have one more quality that makes them great, they are not just competent business people but they are also artists. For this episode, let's revisit one of the classics by Strategy Skills where we explain the mindset we encourage teams to use on the study. This is the mindset I used in my career and it is very different from what you would expect. Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

17 Jan 202224min

207: Tesla's strategy. Co-hosted by Bill Matassoni (Strategy Skills classics)

207: Tesla's strategy. Co-hosted by Bill Matassoni (Strategy Skills classics)

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12 Jan 202234min

206: Can a functional partner lead the workshop over a sector partner? (Strategy Skills classics)

206: Can a functional partner lead the workshop over a sector partner? (Strategy Skills classics)

For this episode, let's revisit one of the classics by Strategy Skills, where we discuss whether a strategy (functional) partner can/should lead the workshop over an energy (sector) partner. There is a difference, and the answer is not obvious. Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

10 Jan 202220min

205: Does the strategy workshop offer precise answers? (Strategy Skills classics)

205: Does the strategy workshop offer precise answers? (Strategy Skills classics)

For this episode, let's revisit one of the classics by Strategy Skills, where we answer a question, "Does the strategy workshop offer precise answers?" Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

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