Venture capital distorts the free market by enabling companies that should die to live for a period of time without revenue. ;)
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@wycats@chriseppstein not particularly, but really, I'm seriously just making a joke. I haven't really thought this through the whole way.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@wycats@chriseppstein if I felt like continuing the joke I'd make some comment about socializing R&D... heh. -
@steveklabnik@wycats note there *is* a moral argument against VC funding. They trade money now for an indefinite income stream… -
@chriseppstein@steveklabnik@wycats Depends if the perpetual right to *all* profit derived from an investment seems right. Doesn't to me. -
@jmbroad@steveklabnik@wycats right. The moral argument is based on having the people who actually did the work to make the returns -
@chriseppstein there should be some incentive for investment, right?@jmbroad@steveklabnik -
@wycats@jmbroad@steveklabnik interest is a good investment incentive. -
@chriseppstein interest is not always good enough in cases involving high risk. Also can't lend labor as easily@jmbroad@steveklabnik -
@wycats@jmbroad@steveklabnik making $1B on a $250k investment is unethical.#thesenumbersaremadeup - 6 more replies
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@wycats@steveklabnik@chriseppstein Borrowing any form of money you don't have the immediate or near-future means of paying back is wrong.Thanks. Twitter will use this to make your timeline better. UndoUndo
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