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A comment on We’re all paying for someone else’s 4-hour work week, not ours. Parent comment
Raising money gives them a shot at entrepreneurship by shifting the financial risk onto someone who can afford it.
When they’re successful, most startups tend to create a lot of good jobs. When they’re not, some rich folks lose some money.
This is all fine and good, and is one of the few parts of our economy that arguably works pretty well. I’m not saying it’s perfect, but pretty good.
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Raising money gives them a shot at entrepreneurship by shifting the financial risk onto someone who can afford it.
When they’re successful, most startups tend to create a lot of good jobs. When they’re not, some rich folks lose some money.
This is all fine and good, and is one of the few parts of our economy that arguably works pretty well. I’m not saying it’s perfect, but pretty good.