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There's a difference between life, and the economic system of capitalism. More than that, if rich people are only willing to fund the ideas of other rich people
by nikdaheratik 9y ago
There's a difference between life, and the economic system of capitalism. More than that, if rich people are only willing to fund the ideas of other rich people, eventually society becomes static as does technological progress.
And the article is focusing on the SV startup scene because that's where most of the new economic growth has been focused. The only other big growth areas have all been in energy.
- manigandham 9y agoYou create value, you get paid. You don't need any rich person to fund you and many who are rich today got there without a dime invested by anyone else. The article is talking about entrepreneurs, which are people who start businesses. The amount of people starting SV startups is insignificant compared to business owners around the world. You seem to be assuming something about economic growth and some connection to SV, but I see no such statement in the article itself.