Very interesting chart in @axios newletter: total cash on hand by industry. Tech's crazy growth dominates on this metric.pic.twitter.com/C9EQyGY2nq
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I'm with Isaac. Artifact of repatriation laws. More broadly, of software engineer scarcity. The only meaningful place to invest capital now.
Those are very different things though. Repatriation stuff happens for all BigCorps, why is tech different? Engineer scarcity - really?!?
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