VCs rob Silicon Valley of preschool for all
In Silicon Valley, where busy parents need another place to send the kids all day, Proposition 82, the Preschool for All Act, is supported by VC John Doerr and Netflix CEO Reed Hastings.
But an army of other VCs — Bill Bowes of U.S. Venture Partners, DFJ founding partner Tim Draper, Asset Management founding partner Franklin Johnson, and others — are fighting to keep univeral preschool out of the Valley. Their sticking point: the existing school system needs fixing first.
Why spend millions against the measure? (Bowes donated $500k, Draper spent $96k) Why not put that money toward the supposedly failing K-12 system? Who knows?
But the VCs have a point — these kids would all drop out of preschool anyway, to run their startups.
