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Almost everyone I know who started startups wanted to a) make enough that they could work on what they wanted without worrying about money (like $5-10 million) & b) make something cool. None of them would've cared about what would happen to their $50,000,001 dollar when starting.https://twitter.com/paulg/status/1366761772594704390 …
The initial, conscious motives of the median founder are not the only ones that matter. You also care about motives for continuing to work 5 years in, unconscious motives (YC got a spike in applications after The Social Network), and the motives of non-median founders.
I think the stronger point to be made here is not whether people would start companies because of this law but whether people would start those companies in America.. especially if they can start anywhere else in the world..
Yes, that's important. The US still has many built-in advantages (university system, huge market, large labor pool, etc.) that make it more attractive. But I agree we should do many other things to make it even more attractive (e.g. stuff like this: https://newconsensus.com/projects/investing-in-america-with-the-treasury …)
Consequences can be compounding -- do we want young adults to be excited about technology from a position of wild aspirations? Or should we expect that students will be willing to grind away and sacrifice many comforts when regulation precludes any serious future liquidity events
When British ruled India, Bengal was one of the most highly industrialized states of British India After they left, Bengal got engrossed in the same Far-Left Politics with Communist Party of India ruling it for 35 years - resulting in most of the Industries to leave Bengal.....
....I would leave it your guess from which Indian State @saikatc belongs too!
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