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Hundreds of billions in cash sitting on the sidelines
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2 points
by stevejobs
6464 days ago
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There are literally hundreds of billions of dollars parked in cash that aren't doing much to increase productivity and improve human welfare. In short, there is a tremendous savings glut, with most of that money outside the US, mostly from sovereign wealth funds. However, every day there hundreds entrepreneurs and startups that are being starved of any funding, large or small. There is a disconnect between all this money available and difficulty of startups to raise capital to bring new ideas into the economy and better society. I realize many ideas brought by entrepreneurs are questionable, but there should be a better way to allocate capital than it is currently done. |
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Look at mattmaroon's slides that are on the front page right now. They outline a lot of problems and why they occurred. People are understanding what goes well, what doesn't, and why.