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The Culture of Silicon Valley
Silicon Valley has been high on its own supply for decades, but especially the last 15 years. The culture of their man is that if you made an app and that app raised $10 million and the app makes a fart sound, probablyyou're the greatest genius whoever lived. And everybody was making money because you're playing with house money,. Because interest rates are so low, you can only win because the rare times when you do lose, the losses are borne by your investors.