
238. Ventures in Capitalist Innovation, Part 1: History and Mechanics
This Machine Kills
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The Tax Advantage of VC Limited Partnerships
The government was never really interested in actually doing this in a serious way, right? And so here we have kind of private ordering of technology policy and investment decisions. So the reason VC exists is largely due to tax advantages, right? A reason why these big institutional investors funnel so much money into VC is because their partnerships which don't pay capital gains taxes.
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