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This is nonsense. Ads are payed with sales. Money is not created or destroyed in the process, therefore...
by eeZah7Ux 8y ago
This is nonsense. Ads are payed with sales. Money is not created or destroyed in the process, therefore...
- Tomte 8y agoAds are paid with VC money, mostly.
- adventured 8y agoAds are primarily paid for by Procter & Gamble, Berkshire Hathaway, GM, Comcast, AT&T, Pfizer, etc. Procter & Gamble all by itself spends $7 billion per year on advertising. The top 100 advertising companies in the US by spend - not one of which is a VC firm, a tech start-up, or powered by VC money - spend more annually on advertising than the entire combined value of all venture capital in the US. You can easily see this in action: when venture capital plunges dramatically every five or seven years, the total US ad spend doesn't similarly plunge with it.
- Tomte 8y agoDirectly paid for, yes, but the whole adtech industry is mostly financed by VC money. What P&G et al pay doesn't nearly support the "industry".