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It's inconvenient to discuss inequality if you are a VC in SV... let's be honest, it's their game to win, and the losses won't hurt them that badly anyway. It'
by cryoshon 12y ago
It's inconvenient to discuss inequality if you are a VC in SV... let's be honest, it's their game to win, and the losses won't hurt them that badly anyway.
It's more comforting to rely on the "didn't work as hard as me and therefore don't deserve as much cash" line.
Wage growth has been stagnant since the 70s, and a working wage is all the vast majority of people can expect as a way of gaining money.
Additionally, there is an important distinction here: VCs deal in wealth with income being derived from that wealth, and normal people deal in income, with wealth being derived from that income.
VCs get dividends from their stocks. Normal people save up to buy a house, or put money into a retirement account.