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Many successful VC firms and high flying startups are composed of individuals with a 100m net worth--especially if you impute earnings based on a stock price fo
by skmurphy 2y ago
Many successful VC firms and high flying startups are composed of individuals with a 100m net worth--especially if you impute earnings based on a stock price for equity that is not easily liquid.
- eightysixfour 2y agoSorry, I misspoke, the actual proposal from Wyden was for individuals worth more than $1b or with >$100m/annual income for more than 3 years in a row. That will hit some VCs, but I don't feel particularly bad about it. It won't hit the startups. There's about 700 people in the country that would be effected.