mgmtphd

Why are VCs so quick to fund startups in the most expensive zip codes in the country (Silicon Valley, NYC, Boston) ? I get that the talent pool is richer, but it makes burn rates much higher than in, say, the Raleigh-Durham area.

We're expected to invest in multi-asset vehicles, index funds, and other less risky assets. Our parents and grandparents weren't using dummy-proof tools.

What is different about today's bohemoths' (Walmart, Amazon, Apple, Uber, Facebook, Google) business models and the sharecropping model?

Where do you think you would've wound up in life without the socioeconomic advantages you had (e.g. Hotchkiss)?

I would argue that Walmart is the closest model to sharecropping on my list. They're just providing the shelf space and infrastructure and extract the majority of the economic rents in the relationship with their vendors.