
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
Led by physicist James Trefil and astrophysicist Shobita Satyapal, this book traverses the incredible history of black holes and introduces contemporary developments and theories on still unanswered questions about the enigmatic objects. From the early work of Albert Einstein and Karl Schwarzschild to an insider look at black hole-galaxy connection research led by co-author Satyapa, the comprehensive book surveys an exciting and evolving branch of space science.
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Technical, dry with some interesting bits
- By Chris Brooks on 03-12-25
By: James Trefil, and others
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The Insider's Guide to Innovation @ Microsoft
- By: JoAnn Garbin, Dean Carignan, Eric Horvitz - foreword
- Narrated by: JoAnn Garbin
- Length: 7 hrs and 14 mins
- Unabridged
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Overall
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Performance
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Story
Are there innovation truisms that hold from one initiative to the next? Are there strategies that appear again and again in the success stories of businesses as varied as gaming and cloud infrastructure? Are there behaviors common to creative leadership in every role, from research to sales? And if these patterns exist, could they be distilled into teachable practices? These are the questions Dean Carignan and JoAnn Garbin, two senior innovation leaders at Microsoft, set out to answer.
By: JoAnn Garbin, and others
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The Infrastructure Book
- How Cities Work and Power Our Lives
- By: Sybil Derrible
- Narrated by: Derek Dysart
- Length: 8 hrs and 34 mins
- Unabridged
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Overall
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Performance
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Story
Clean water, paved roads, public transit, electricity and gas, sewers, waste processing, telecommunication, even the Internet—all this infrastructure is what makes cities work and powers our lives, often seamlessly and silently. Virtually everything we do and consume depends on infrastructure. Yet, most people have no idea how these systems work. How is water treated? How do cities manage rainwater? Why do traffic jams exist? How is electricity generated and distributed? What happens to trash after it is picked up? How does the Internet work?
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Insightful and engaging!
- By Rishabh on 03-08-25
By: Sybil Derrible
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Cryptocurrency Investing for Beginners
- The Ultimate 30-Day Step-by-Step Guide to Easily & Safely Invest in Crypto, Build Wealth, and Avoid Costly Mistakes—Even if You’re Starting from Zero
- By: Arthur Bell
- Narrated by: Christopher O'Neill
- Length: 3 hrs and 48 mins
- Unabridged
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Overall
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Performance
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Story
Cryptocurrency Investing for Beginners is a step-by-step guide designed for everyday people who want to invest with confidence, avoid costly mistakes, and start building long-term wealth.
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Great for Crypto Newbies
- By Robert Jessica on 03-11-25
By: Arthur Bell
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What's Real About Race?
- Untangling Science, Genetics, and Society
- By: Rina Bliss
- Narrated by: Rebecca Lam
- Length: 4 hrs and 37 mins
- Unabridged
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Overall
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Performance
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Story
In What's Real About Race?, sociologist Rina Bliss illuminates the truth about one of the most misunderstood, controversial concepts in our society and reveals why we cannot confuse race with genetic difference. Blending energizing prose with the latest in genetics research, this paradigm-shifting tour unmasks what's truly real about race: namely, racism's impact on our bodies and lives.
By: Rina Bliss
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Meltdown
- Greed, Scandal, and the Collapse of Credit Suisse
- By: Duncan Mavin
- Narrated by: Charles Armstrong
- Length: 8 hrs and 3 mins
- Unabridged
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Overall
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Performance
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Story
Credit Suisse was a 166-year-old bastion of global banking. But a veneer of high-class service disguised a darker, much dirtier reality. From its sterile Zurich headquarters, Credit Suisse banked dictators and drug dealers, hid stolen Nazi gold, and helped corrupt bankers fleece the firm's own clients of billions of dollars. Its top executives oversaw a global operation that laundered money for autocrats; they hired spies to track one another through the cobbled streets of the Swiss financial capital; and they helped clients hide their money from the world's tax authorities.
By: Duncan Mavin
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Supermassive
- Black Holes at the Beginning and End of the Universe
- By: James Trefil, Shobita Satyapal
- Narrated by: Fred Sanders
- Length: 7 hrs and 59 mins
- Unabridged
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Overall
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Performance
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Story
Led by physicist James Trefil and astrophysicist Shobita Satyapal, this book traverses the incredible history of black holes and introduces contemporary developments and theories on still unanswered questions about the enigmatic objects. From the early work of Albert Einstein and Karl Schwarzschild to an insider look at black hole-galaxy connection research led by co-author Satyapa, the comprehensive book surveys an exciting and evolving branch of space science.
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Technical, dry with some interesting bits
- By Chris Brooks on 03-12-25
By: James Trefil, and others
-
The Insider's Guide to Innovation @ Microsoft
- By: JoAnn Garbin, Dean Carignan, Eric Horvitz - foreword
- Narrated by: JoAnn Garbin
- Length: 7 hrs and 14 mins
- Unabridged
-
Overall
-
Performance
-
Story
Are there innovation truisms that hold from one initiative to the next? Are there strategies that appear again and again in the success stories of businesses as varied as gaming and cloud infrastructure? Are there behaviors common to creative leadership in every role, from research to sales? And if these patterns exist, could they be distilled into teachable practices? These are the questions Dean Carignan and JoAnn Garbin, two senior innovation leaders at Microsoft, set out to answer.
By: JoAnn Garbin, and others
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Let Only Red Flowers Bloom
- Identity and Belonging in Xi Jinping's China
- By: Emily Feng
- Narrated by: Emily Feng
- Length: 9 hrs and 5 mins
- Unabridged
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Overall
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Performance
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Story
The rise of China and its great power competition with the U.S. will be one of the defining issues of our generation. But to understand modern China, one has to understand the people who live there–and the way the Chinese state is trying to control them along lines of identity and free expression. In vivid, cinematic detail, Let Only Red Flowers Bloom tells the stories of nearly two dozen people who are pushing back.
By: Emily Feng
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Disposable
- America's Contempt for the Underclass
- By: Sarah Jones
- Narrated by: Sarah Mollo-Christensen
- Length: 9 hrs and 5 mins
- Unabridged
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Overall
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Performance
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Story
In the tradition of Matthew Desmond’s Evicted and Andrea Elliot’s Invisible Child, Disposable is a poignant exploration of America’s underclass, left vulnerable by systemic racism and capitalism. Here, Sarah Jones delves into the lives of the essential workers, seniors, and people with disabilities who were disproportionately affected by COVID-19—not due to their age or profession, but because of the systemic inequality and poverty that left them exposed.
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Not comparable to Evicted but interesting
- By NMwritergal on 02-27-25
By: Sarah Jones
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AI Valley
- Microsoft, Google, and the Trillion-Dollar Race to Cash In on Artificial Intelligence
- By: Gary Rivlin
- Narrated by: Joe Knezevich
- Length: 11 hrs and 17 mins
- Unabridged
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Overall
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Performance
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Story
Artificial Intelligence has been “just around the corner” for decades, continually disappointing those who long believed in its potential. But now, with the emergence and growing use of ChatGPT, Gemini, and a rapidly multiplying number of other AI tools, many are wondering: Has AI’s moment finally arrived? In AI Valley, Pulitzer Prize-winning journalist Gary Rivlin brings us deep into the world of AI development in Silicon Valley. Over the course of more than a year, Rivlin closely follows founders and venture capitalists trying to capitalize on this AI moment.
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A dizzying account of the development of AI
- By ER on 03-31-25
By: Gary Rivlin
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Bad Company
- Private Equity and the Death of the American Dream
- By: Megan Greenwell
- Narrated by: Dan Bittner
- Length: 9 hrs
- Unabridged
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Overall
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Performance
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Story
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.
By: Megan Greenwell
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The Rise and Fall of the Great Powers
- Economic Change and Military Conflict from 1500 to 2000
- By: Paul Kennedy
- Narrated by: Peter Coates
- Length: 26 hrs and 57 mins
- Unabridged
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Overall
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Performance
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Story
Spanning five centuries of history, The Rise and Fall of the Great Powers offers a sweeping exploration of how nations rise to dominance and fall into decline. Paul Kennedy masterfully examines the intricate interplay between economics and strategy, revealing how shifts in wealth and resources have shaped global power dynamics from 1500 to 2000. Filled with keen insights, this groundbreaking and important work provides a compelling lens through which to understand the forces that continue to shape our modern world.
By: Paul Kennedy
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When It All Burns
- Fighting Fire in a Transformed World
- By: Jordan Thomas
- Narrated by: Jordan Thomas
- Length: 9 hrs
- Unabridged
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Overall
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Performance
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Story
In When It All Burns, wildland firefighter and anthropologist Jordan Thomas recounts a single, brutal six-month fire season with the Los Padres Hotshots—the special forces of America’s firefighters. Being a hotshot is among the most difficult jobs on earth. Thomas viscerally renders his crew’s attempts to battle flames that are often too destructive to contain. He uncovers the hidden cultural history of megafires, revealing how humanity’s symbiotic relationship with wildfire became a war—and what can be done to change it back.
By: Jordan Thomas
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The Power Law
- Venture Capital and the Making of the New Future
- By: Sebastian Mallaby
- Narrated by: Will Damron
- Length: 16 hrs and 53 mins
- Unabridged
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Overall
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Performance
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Story
Innovations rarely come from “experts.” Elon Musk was not an “electric car person” before he started Tesla. When it comes to improbable innovations, a legendary tech VC told Sebastian Mallaby, the future cannot be predicted, it can only be discovered. It is the nature of the venture-capital game that most attempts at discovery fail, but a very few succeed at such a scale that they more than make up for everything else. That extreme ratio of success and failure is the power law that drives the VC business, all of Silicon Valley, the wider tech sector, and, by extension, the world.
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An Excellent Modern History Book
- By BikerDave on 05-06-24
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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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Overall
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Performance
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Story
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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Delay Deny Defend
- Why Insurance Companies Don’t Pay Claims and What You Can Do About It
- By: Jay M. Feinman
- Narrated by: Pat Grimes
- Length: 8 hrs and 59 mins
- Unabridged
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Overall
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Performance
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Story
The denial of valid insurance claims is not occasional or accidental or the fault of a few bad employees. It's the result of an increasing and systematic focus on maximizing profits by major companies such as Allstate and State Farm. Citing dozens of stories of victims who were unfairly denied payment, the book explains how people can be more careful when shopping for policies and what to do when pursuing a disputed claim. It also lays out a plan for the legal reforms needed to prevent future abuses.
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Okay
- By guy on 03-27-25
By: Jay M. Feinman
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Plunder
- Private Equity's Plan to Pillage America
- By: Brendan Ballou
- Narrated by: Kevin Kenerly
- Length: 8 hrs and 37 mins
- Unabridged
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Overall
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Performance
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Story
Private equity surrounds us. Firms like Blackstone, Carlyle, and KKR are among the largest employers in America and hold assets that rival those of small countries. Yet few understand what these firms are or how they work. In Plunder, Brendan Ballou explains how private equity has reshaped American business by raising prices, reducing quality, cutting jobs, and shifting resources from productive to unproductive parts of the economy.
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Don't waste your time or credit
- By Navillus82 on 05-07-23
By: Brendan Ballou
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The Body Is a Doorway: A Memoir
- A Journey Beyond Healing, Hope, and the Human
- By: Sophie Strand
- Narrated by: Sophie Strand
- Length: 9 hrs and 34 mins
- Unabridged
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Overall
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Performance
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Story
At age sixteen Sophie Strand—bright, agile, fearless—is suddenly beset by unexplained, debilitating illness while on a family trip abroad. Her once vibrant life becomes a tangled miasma of medication, specialists, anaphylaxis, and seemingly never-ending attempts to explain what has gone so terribly wrong. And, for many years thereafter, Sophie's life becomes subsumed with ideas not of "health," but of explanation, and the narrative of how and why she became sick. But slowly, she comes to another, more fundamental understanding of what has happened to her body.
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Brilliant, moving, and deeply paradigm-shifting
- By Catherine Liggett on 04-03-25
By: Sophie Strand
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Palo Alto
- A History of California, Capitalism, and the World
- By: Malcolm Harris
- Narrated by: Patrick Harrison
- Length: 28 hrs and 20 mins
- Unabridged
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Overall
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Performance
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Story
In PALO ALTO, the first comprehensive, global history of Silicon Valley, Malcolm Harris examines how and why Northern California evolved in the particular, consequential way it did, tracing the ideologies, technologies, and policies that have been engineered there over the course of 150 years of Anglo settler colonialism, from IQ tests to the "tragedy of the commons," racial genetics, and "broken windows" theory.
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Yes, it's Marxist. it's also good.
- By Alex halladay on 02-15-23
By: Malcolm Harris