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> If someone makes $100M by inventing an amazing product, and someone else makes $100M by earning interest on the fortune he earned from his mother, which of th
by aianus 10y ago
> If someone makes $100M by inventing an amazing product, and someone else makes $100M by earning interest on the fortune he earned from his mother, which of those behaviors do we want to encourage?
What's the difference between inventing the product himself and investing in a founder who otherwise would have had to get a regular job? Remember -- he could have spent the principal on yachts, cars, and jets instead; that's the behavior we want to disincentivize.