
World Eaters
How Venture Capital Is Cannibalizing the Economy
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Narrated by:
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Catherine Bracy
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By:
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Catherine Bracy
About this listen
A Next Big Idea Book Club March 2025 Must-Read
An urgent and illuminating perspective that offers a window into how the most pernicious aspects of the venture capital ethos is reaching all areas of our lives, into everything from healthcare to food to entertainment to the labor market and leaving a trail of destruction in its wake.
The venture capital playbook is causing unique harms to society. And in World Eaters, Catherine Bracy offers a window into the pernicious aspects of VC and shows us how its bad practices are bleeding into all industries, undermining the labor and housing markets and posing unique dangers to the economy at large. VC’s creates a wide, powerful wake that impacts the average consumer just as much as it does investors and entrepreneurs.
In researching this book, Bracy has interviewed founders, fund managers, contract and temp workers in the gig economy, and Limited Partners across the landscape. She learned that the current VC model is not a good fit for the majority of start-ups, and yet, there are too few options for early stage funding outside of VC dollars. And while there are some alternative paths for sustainable, responsible growth, without the help of regulators, there is not much motivation to drive investors from the roulette table that is venture capital.
World Eaters is an eye-opening account of the ways that the values of contemporary venture capital hurt founders, consumers, and the market. Bracy’s clear-eyed debut is a must-listen for fans of Winners Take All, Super Pumped, and Brotopia, an appealing “insider / outsider” perspective on Silicon Valley, and those who are fascinated to look under the hood and learn why the modern economy is not working for most of us.
©2025 Catherine Bracy (P)2025 Penguin AudioListeners also enjoyed...
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Critic reviews
“One of the most important and insightful books about venture capital I have ever read. A clear-eyed and illuminating examination of VC’s peril and possibility. Bracy's call to action to reimagine what VC can be is one we should all heed.”—Ro Khanna, Member of Congress from Silicon Valley and author of Dignity in a Digital Age
"World Eaters is a compelling account of the grift that so much of Silicon Valley VC has become, and a vision of what a more equitable and equity-enabling VC industry might look like."—Tim O’Reilly, Founder and CEO, O'Reilly Media
“Persuasively demonstrates how VC’s prevalence has created a startup monoculture."—Bloomberg Business Week
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Story
Most locals in Big Timber, Montana learn to live with the wind. Rick Jarrett sought his fortune in it. Like his pioneer ancestors who staked their claims in the Treasure State, he believed in his right to make a living off the land—and its newest precious resource, million-dollar wind. Trouble was, Jarrett’s neighbors were some of the wealthiest and most influential men in America, trophy ranchers who’d come West to enjoy magnificent mountain views, not stare at 500-foot wind turbines.
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A glimpse behind the curtain of wealth and outside interests in Montana
- By Karen D Nard on 04-21-25
By: Amy Gamerman
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More Money Than God
- Hedge Funds and the Making of a New Elite
- By: Sebastian Mallaby
- Narrated by: Alan Nebelthau
- Length: 16 hrs and 4 mins
- Unabridged
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The Paul Volker Senior Fellow in International Economics at the Council on Foreign Relations, Washington Post journalist Sebastian Mallaby has garnered New York Times Editor’s Choice and Notable Book honors for his enthralling nonfiction. Bolstered by Mallaby’s unprecedented access to the industry, More Money Than God tells the inside story of hedge funds, from their origins in the 1960s and 1970s to their role in the financial crisis of 2007–2009.
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Valiant effort but lacking analytic horsepower...
- By ND on 01-10-11
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Bad Company
- Private Equity and the Death of the American Dream
- By: Megan Greenwell
- Narrated by: Dan Bittner
- Length: 8 hrs and 51 mins
- Unabridged
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Acclaimed journalist Megan Greenwell’s Bad Company tells the hidden story of private equity through the experiences of four American workers who watched as private equity upended their employers and communities: a Toys R Us floor supervisor, a rural doctor, a local newspaper journalist, and an affordable housing organizer.
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Lots of filler with interesting points now and then.
- By Mikey on 07-05-25
By: Megan Greenwell
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The Eurasian Century
- Hot Wars, Cold Wars, and the Making of the Modern Century
- By: Hal Brands
- Narrated by: Tim Fannon
- Length: 11 hrs and 33 mins
- Unabridged
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Hal Brands argues that a better understanding of Eurasia's strategic geography can illuminate the contours of rivalry and conflict in today's world. The Eurasian Century explains how revolutions in technology and warfare, and the rise of toxic ideologies of conquest, made Eurasia the center of twentieth-century geopolitics—with pressing implications for the struggles that will define the twenty-first.
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Worth the read.
- By Chip Eckert on 02-24-25
By: Hal Brands
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The Experimentation Machine
- Finding Product-Market Fit in the Age of AI
- By: Jeffrey Bussgang
- Narrated by: Jeffrey J. Bussgang
- Length: 6 hrs and 28 mins
- Unabridged
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In The Experimentation Machine, HBS professor, entrepreneur, and venture capitalist Jeffrey J. Bussgang reveals how AI is transforming the way startups find product-market fit and scale.
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Meh, ai generated and read book.
- By Sam Fun on 06-21-25
By: Jeffrey Bussgang
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House of Huawei
- The Secret History of China's Most Powerful Company
- By: Eva Dou
- Narrated by: Nancy Wu
- Length: 11 hrs and 40 mins
- Unabridged
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On the coast of southern China, an eccentric entrepreneur spent three decades steadily building an obscure telecom company into one of the world’s most powerful technological empires with hardly anyone noticing. This all changed in December 2018, when the detention of Meng Wanzhou, Huawei Technologies’ female scion, sparked an international hostage standoff, poured fuel on the US-China trade war, and suddenly thrust the mysterious company into the global spotlight.
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Comprehensive but can't help but let bias creep in
- By Amazon Customer on 07-04-25
By: Eva Dou
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Chokepoints
- American Power in the Age of Economic Warfare
- By: Edward Fishman
- Narrated by: Robert Petkoff
- Length: 17 hrs and 2 mins
- Unabridged
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It used to be that ravaging another country’s economy required blockading its ports and laying siege to its cities. Now all it takes is a statement posted online by the U.S. government. In Chokepoints, Edward Fishman, a former top State Department sanctions official, takes us deep into the back rooms of power to reveal the untold history of the last two decades of U.S. foreign policy, in which America renounced the gospel of globalization and waged a new kind of economic war.
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Impressive
- By Harry Helbock on 06-17-25
By: Edward Fishman
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Barbarians at the Gate
- The Fall of RJR Nabisco
- By: Bryan Burrough, John Helyar
- Narrated by: Eric Jason Martin
- Length: 22 hrs and 18 mins
- Unabridged
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A number-one New York Times best seller and arguably the best business narrative ever written, Barbarians at the Gate is the classic account of the fall of RJR Nabisco. An enduring masterpiece of investigative journalism by Bryan Burrough and John Helyar, it includes a new afterword by the authors that brings this remarkable story of greed and double-dealings up to date 20 years after the famed deal.
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Good book but too dense
- By Andrew M. on 08-01-21
By: Bryan Burrough, and others
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Principles for Dealing with the Changing World Order
- Why Nations Succeed or Fail
- By: Ray Dalio
- Narrated by: Jeremy Bobb, Ray Dalio
- Length: 16 hrs and 48 mins
- Unabridged
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From legendary investor Ray Dalio, author of the number-one New York Times best seller Principles, who has spent half a century studying global economies and markets, Principles for Dealing with the Changing World Order examines history’s most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we’ve experienced in our lifetimes - and to offer practical advice on how to navigate them well.
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Ray Dalio, Chinas New Minister of Propoganda
- By Dudley on 01-04-22
By: Ray Dalio
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The Sirens' Call
- How Attention Became the World's Most Endangered Resource
- By: Chris Hayes
- Narrated by: Chris Hayes
- Length: 8 hrs and 54 mins
- Unabridged
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We all feel it—the distraction, the loss of focus, the addictive focus on the wrong things for too long. We bump into the zombies on their phones in the street, and sometimes they’re us. We stare in pity at the four people at the table in the restaurant, all on their phones, and then we feel the buzz in our pocket. Something has changed utterly: for most of human history, the boundary between public and private has been clear, at least in theory. Now, as Chris Hayes writes, “With the help of a few tech firms, we basically tore it down in about a decade.”
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Thoughtful and captivating
- By Nancy on 02-02-25
By: Chris Hayes
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Money, Lies, and God
- Inside the Movement to Destroy American Democracy
- By: Katherine Stewart
- Narrated by: Patricia Rodriguez
- Length: 11 hrs and 36 mins
- Unabridged
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Why have so many Americans turned against democracy? In this deeply reported book, Katherine Stewart takes us to conferences of conspiracy-mongers, backroom strategy gatherings, and services at extremist churches, and profiles the people who want to tear it all down.
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Describes a well funded international fascist cult
- By marwalk on 03-24-25
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Lawless
- How the Supreme Court Runs on Conservative Grievance, Fringe Theories, and Bad Vibes
- By: Leah Litman
- Narrated by: Leah Litman
- Length: 7 hrs and 53 mins
- Unabridged
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With the gravitas of Joan Biskupic and the irreverence of Elie Mystal, Leah Litman brings her signature wit to the question of what’s gone wrong at One First Street. In Lawless, she argues that the Supreme Court is no longer practicing law; it’s running on vibes. By “vibes,” Litman means legal-ish claims that repackage the politics of conservative grievance and dress them up in robes. Major decisions adopt the language and posture of the law, while in fact displaying a commitment to protecting a single minority: the religious conservatives and Republican officials.
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Litman is an essential voice in this moment
- By L B on 07-04-25
By: Leah Litman
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The Haves and Have-Yachts
- By: Evan Osnos
- Narrated by: Evan Osnos
- Length: 10 hrs and 43 mins
- Unabridged
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The ultrarich hold more of America’s wealth than they did in the heyday of the Carnegies and Rockefellers. Here, Evan Osnos’s incisive reportage yields an unforgettable portrait of the tactics and obsessions driving this new Gilded Age, in which superyachts, luxury bunkers, elite tax dodges, and a torrent of political donations bespeak staggering disparities of wealth and power. With deft storytelling and meticulous reporting, this is a book about the indulgences, incentives, and psychological distortions that define our economic age.
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Just okay
- By Lara on 07-05-25
By: Evan Osnos
Going down the VC rabbit hole
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