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Reliable source of startup ideas: reduce the gap between ideas and money. In this sense, AWS and Stripe are in the same business.
Warning: The decreasing gap between ideas and money is one of the main reasons for increasing economic inequality. People's ideas vary dramatically in value. So the more direct the connection between ideas and money, the more inequality you'll see.
I personally think this is, if not good, at least inevitable. Ideas and money want to find each other, and as a result the gap between them has closed inexorably over time.
So it is not the exploitation of the working class, or 'underpaying the townsfolk' as AOC put it that creates the inequality?
so modern tech will widen this gap?
Inequality is not a problem. We are all unequal in experiences, free time, connections. YC is a great example on how to reduce the gap between ideas and money no matter where you come from.
Ummmm. Come again?
I thought inequality comes from intergenerational transfer of wealth.
200 years ago you would have been right. That was the big source of it historically. But in some countries (including the US) it now accounts for less than half of great fortunes.
It is easier to create tools to accelerate the execution of quality ideas than it is to create tools/methods to accelerate the generation of quality ideas.
But, but, but.. I thought only labor had value? If Ideas have value then Marx was wrong?!?!?
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