We are also only counting the winners who all took huge risk. Many more took huge risk in the past and lost everything.
It strikes me as rather absurd to believe it was better in the past when capital was much harder to come by.
Imagine trying to get startup funding in the late 80s when a person with capital could get 9% annualized on a short term US government bill. Good luck with that.
It strikes me as rather absurd to believe it was better in the past when capital was much harder to come by.
Imagine trying to get startup funding in the late 80s when a person with capital could get 9% annualized on a short term US government bill. Good luck with that.