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E105: Tech culture wars: Elon vs. SBF, Sabotaging Republicans with Trump
All-In with Chamath, Jason, Sacks & Friedberg
The Power Law Exists in Growth
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Only nine percent of these businesses have generated positive earnings over time. Forty three percent or about half of them are worth more than the total cash that's been invested in them. The power law dominates both early growth and clearly being public, but I think to your point, J Cal, it also seriously speaks to the amount of excess.
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