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"The fact that so much of it can flow in such a small amount of time toward such a small group of people bothers me. Especially when you consider the impact tha
by larrys 15y ago
"The fact that so much of it can flow in such a small amount of time toward such a small group of people bothers me. Especially when you consider the impact that investment could have made in other places."
Well if it makes you feel any better that new wealth will end up in the hands of car dealers, real estate, all sorts of tradesman, and other places in the economy as well as I'm sure, more startups.
It was a long shot hit but don't short change how something like that will help the entire startup economy. The world of news and investors want to hear about blockbusters.
So there will be significant impact from the entire Instagram win.
- andrewfelix 15y ago>...new wealth will end up in the hands of car dealers, real estate, all sorts of tradesman... It sounds like you're referring to supply side economics, or 'trickle down' which has never had a a proven effect on wider wages.