3 ms·There is more capital than there are good startups. Supply and demand.by rogerkirkness 7y agoThere is more capital than there are good startups. Supply and demand.pedalpete 7y agoI doubt Munger's reference has anything to do with the startup ecosystem. He's talking about the public markets and fiscal policy.JimTheMan 7y agoYes, he's famously risk averse when it comes about talking things he's not familiar with. Like the tech sector.