Venture capital only profits due to 1960s tax lobbying by the wealthy
Rand Fishkin · Episode 537 | On Launching, Funding, and Growth with Serial SaaS Founder Rand Fishkin · Feb 23, 2021 · at 17:11
SparkToro founder Rand Fishkin criticizes the economic origins and structural incentives of the traditional venture capital industry.
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“Venture capital is essentially an asset class that only makes money because rich people in the sixties and seventies lobbied the federal government to get capital gains tax rate applied to this certain type of investing, right?”
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