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12) In other words: --Customers buy cheap pizza from companies --VCs send money to Meta --VCs get equity in companies

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13) And what exactly do the companies get out of this? Well, one of the following, really: a) marketshare: future profit (???) b) founders get to sell out in secondaries c) you get to be 'a part of the future'

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14) But it gets even weirder. Because who is Meta, exactly? Well, Zuckerberg, to some extent. But mostly, it's similar shareholders to the companies investing in it.

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15) And so the flow of funds is, to some extent, really a cycle of funds.

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16) But how about VCs that *don't* get large dividends from Meta and Google?

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17) And who exactly are the ultimate investors? They're people, investing in stocks. Also, they're college endowments, and pension funds.

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18) When deployed correctly, modern finance can be breathtaking: seamlessly providing financing to innovative ideas, with the sharpest investors getting paid back a lot in the long term. When deployed recklessly, it can be breathtaking, I guess, just in a different way.

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@friedmandave

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Interesting argument, but it doesn't necessarily follow. Not all advertisers on Meta are VC-funded. Indeed I'd argue the majority of the ads I see on Meta are *not* from VC-funded entities.

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So either there is something particular about my user fingerprint which makes me less likely than you to see VC-funded ads on Meta, or your argument is flawed.

12:01 PM · Aug 14, 2022Twitter Web App

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@friedmandave

Interesting! We probably have someone different fingerprints, idk which is most normal What companies do *you* see the most of?

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@friedmandave

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Real estate companies, gyms, restaurants, etc.

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For example this is the first ad I see on fb

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