Re:The Decline of Investment in San Francisco Startups
by m-j-fox on Saturday July 22, 2017 @09:41AM
(#14827149)
Sure, but in silicon valley one thing to do with your smalltime IPO winnings is buy a house and rent out your old one to someone who has yet to hit paydirt. Maybe part of what pushes prices up, but I like to think my renters are getting a better deal than they would from old-man Irvine. (The incentives to play this game are razor-thin, mostly down to tax advantages.)
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