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I read it as deterring start up founders from investing in a region. If they plan for success, then they should plan to exceed the floor.

• deleted 6y ago
  [deleted]
• manquer 6y ago
  100M being the most commonly discussed floor. That usually means about 400-500M value of the company Not ever founder thinks it’s either unicorn or broke . Most normal founders want build something good and make a good amount of money. And where else I am going to go? There are few places where it is possible to make 100M from scratch and without being corrupt .
  • aww_dang 6y ago
    All things being equal, people prefer to do business in jurisdictions with lower taxation. I don't see that as a strawman argument.
    • manquer 6y ago
      True , if all things are equal , Bay Area is so far ahead of rest of the world this won’t be the decision point for most founders .