WHICH BALANCE SHEET DO I BACK?

Summary from the TLDR Founders newsletter

With tech leaders increasingly moving into government positions, there's a growing push to run government more like a startup. However, as Obama noted, government and business have fundamentally different balance sheets - while businesses can choose their markets and optimize for returns, the government must serve everyone and tackle problems no private company would touch. While bringing tech talent to government could help modernize certain functions, trying to run government purely on business metrics would mean ignoring critical public goods like education and veteran care that don't fit a VC's return timeline.