Smash Notes
Why Are Good Ideas No Longer Getting Funded In Silicon Valley
There is an enormous tax that we've been paying to big tech startups for hosting and advertising our products. Those costs account for roughly 40 cents on every dollar. Layer in the headcount costs, and it becomes nearly impossible for startups to grow, never mind to become profitable and successful. Only the companies who can raise the most and not die end up succeeding in this environment.
Recode Decode, hosted by Kara Swisher
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Chamath Palihapitiya: People in Silicon Valley are deeply unhappy
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at 41:17
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·Transcript
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