This is true - & in direct opposition to the PE model A great VC outcome will make the first 500 employees materially wealthier than the VCs that funded them A great PE outcome often results in unemployment & bankruptcy of thousands, &/or destruction of a co & it’s communityhttps://twitter.com/balajis/status/1219775777165791233 …
Oftentimes you cannot create a business that hires 500 people without destroying a business that employs 5000. For example: - Amazon reduces retail employment - Facebook/Craigslist reduces newspaper jobs - Netflix made everyone employed by Blockbuster unemployed