The repeating story - There are X number of people in the tech and finance world that form a close network. It is the incestuous coming together of those that enable all of them to become a multi billionaire through acquisitions and IPOs. New people join this list on a regular basis by building something that create FOMO amongst the already billionaires and they indoctrinate those into the group using retail investor money.
that's how it's always worked brother - at least, SV gave a whole bunch of new players a way to make their money in a much more meritocratic way than what existed previously.
kkotak · · focus · HN ↗
jansport123 · · focus · HN ↗