Generously helping startups built by people already in the club, and with the intent that it makes the wealthy exited entrepreneurs even more money.
The rest of country has rich and poor areas, but most of it is 'middle class'. The idea is that in the Bay Area you're either paying ~$1M for a shack in a decent school area or you're in a slum.
I think the idea is that the valley has taken out the middle, leaving only the extraordinarily rich and the poor.
Generously helping startups built by people already in the club, and with the intent that it makes the wealthy exited entrepreneurs even more money.
The rest of country has rich and poor areas, but most of it is 'middle class'. The idea is that in the Bay Area you're either paying ~$1M for a shack in a decent school area or you're in a slum.
I think the idea is that the valley has taken out the middle, leaving only the extraordinarily rich and the poor.