Silicon Valley’s fiscal sacrifice

posted by
January 10, 2013
Jacob ex Machina
by Jacob Lyles  
Posted in Commentary

"The startup ecosystem in Silicon Valley depends on the recycling of the profits from successful startups into new angel investment, venture capital funds, and bootstrapped ventures. This flow of capital is the lifeblood of Silicon Valley. The story of Elon Musk is a well known example. When Paypal was bought by eBay, his stake in the company was liquidated for $180 million after tax. Musk resisted the urge to retire to a nice beach and reinvested every last dollar he owned into three daring and innovative new companies: Space X, Tesla, and Solar City." (01/10/13)  

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