this post was submitted on 14 Jul 2024
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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"The time has come to stand up for Little Tech" —venture capital firm with $42 billion in assets under management
tbf how much of that is real money and how much of that is overhyped stock, cookie cutter shitcoins, and other SV innovation in financial crimes
Yeah, my first thought was "$42 billion" in "assets" under "management."
On the other hand, by the time you're spelling billion with a "B" any appreciable fraction of that is still going to be enough money to functionally remove you from the normal economy. Too big to fail in that even if all the bullshit collapses they'd still probably have more money than God.
if you can cut it down by 4 orders of magnitude, maybe less depending on his spending rate, he'll spend all of it before he dies, all on his own (i vaguely remember that people in the west spend something like $4M over their entire lives)