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by kra34
3744 days ago
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I enjoy the subsidy, but VC money is rarely "VC money" it's mostly LP money from pension funds, endowments etc., and when they fail there is usually a bail out from a large publicly traded corporation which again is spending everybody else's money. Certainly, wealth is extracted along the way by the VC's, bankers, stock traders, laywers, etc; however, I think at the end of it the joke and the bill are coming at the expense of the average person. |
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