“I have never heard someone say, ‘I would have started a company, but tax rates were too high.’” https://twitter.com/andymoonsun/status/917451472220114950 …
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Definitely stops people. These founders run risk by deferring these term sheets. Co formation exploded when we suspended tax rates in 08-10.
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Too many lurking variables. Great cos often founded in the downturns because it's easier for talent to concentrate in one spot.
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