dvassello loves attention seeking posts. There is some truth to it but the message isn’t clear. Yeah VCs make money over spread, and economic argument makes s

dvassello loves attention seeking posts. There is some truth to it but the message isn’t clear. Yeah VCs make money over spread, and economic argument makes sense of Pareto principle. However this assumes only 40 1B+ exits and the rest get zero. The Pareto curve means: - a long tail of startups that failed to make what people want. (YC looses money) - A decent chunk of startups that did make what people want but wasn’t a sustainable business. (YC loses money) - A bunch of sweet 10M+ exits (YC breaks even) - 1% 1B+ exits. (YC gains multiples). There is a reason why most of the software wealth is concentrated in west coast. And YC giving $500k isn’t a loan. If your company goes under they don’t ask for it back and bankrupt you. It’s essentially free money to try out an idea. You get paid to test the market. In what other country does this happen at the scale US does it? There is the reason why US is at the heart of software. You don’t even need to be a founder. Employees at a mildly successful startup get make multiples of median wealth in US, and orders of magnitude more compared to global wealth. Most of US economic growth is coming from tech. Play the game.