No VCs: Whats good for society, provides living wages for a useful gig, and gives my investors reasonable returns/growth?
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Their pros outweigh the cons. Internet would be a lot worse without them
Millions of small businesses have been created and thrive because of google fb and amazon. Do they mess up sometimes? Yup. But they created shareholder value and opportunists for the small guys that never existed.
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I don’t disagree. But I also know there’s plenty of room in the margins, esp given tax realities, to pay warehouse workers a living wage and convert contractors to employees. Founders and leadership would love to do do; VC and markets demand otherwise.
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What’s your definition of “living wage?” If it’s Senator Sanders’ “Fight for $15” Amazon is already there. Also, your narrative blames the wrong group: 100% of Amazon’s revenue is driven by customers who decided they liked the value, and low prices are critical. Blame customers
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