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Kind of proves the point. Private capital is more willing to invest in stupid shit that they can convince themselves will 10x than in something worthwhile that
by dralley 3y ago
Kind of proves the point. Private capital is more willing to invest in stupid shit that they can convince themselves will 10x than in something worthwhile that probably can't be 10x'd easily, like manufacturing.
- deleted 3y ago[deleted]
- whatshisface 3y agoVenture capital is a small fraction of private capital. If you stretch the definition to its limits, you could say that tech companies are a big fraction of the total stock market cap, but the majority is still accounted for by companies like P&G.