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If you live in silicon valley, I think it's easy to make the mistake of believing that most of the economy is made of VC-funded startups.
by bonniemuffin 11y ago
If you live in silicon valley, I think it's easy to make the mistake of believing that most of the economy is made of VC-funded startups.
- shostack 11y agoAnd even if you live in SV, which I do, I still don't the no it would change much. That's the other data I'd love to see...how much of the SV economy comes from startups totally reliant on VC money? My guess is not much at all. They almost certainly don't have enough total employees to dent the housing market because there is still huge demand to live here for other demographics, and the broader economy has many other healthy businesses that wouldn't even notice if all the VC money disappeared overnight. People think the VC ecosystem is larger, and has a greater impact than it actually does.