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VC feeds money to startups, startups pay huge salaries, salaries go to properties sold by VC, repeat.
by mmastrac 3y ago
VC feeds money to startups, startups pay huge salaries, salaries go to properties sold by VC, repeat.
- fragmede 3y agoDon't forget the intermediate step: startup employees rent housing in SF, rental income goes to local landlords who bought their property after working for VC backed startups in a previous generation
- ModernMech 3y agoYeah, we got $2 mil for our startup, and I cringe to think how much went to our collective rents and the office rent. Probably a good 80% of that.