As p0pcult said, people realized that VC is about concentrating wealth.
As a counter example, Microsoft's IPO made a few billionaires and tens of thousands (!) of millionaires, and that was in 1986 (so take inflation into account, it's been 36 years).
How many of these modern exits have made the lives of so many so good, with all the dilutions?
As a counter example, Microsoft's IPO made a few billionaires and tens of thousands (!) of millionaires, and that was in 1986 (so take inflation into account, it's been 36 years).
How many of these modern exits have made the lives of so many so good, with all the dilutions?