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E7: California's collapse, how SPACs are opening the markets for growth stocks & more
All-In with Chamath, Jason, Sacks & Friedberg
Will a B Five Prime Really Affect the Market Cap?
The law will affect the long term profitability in the margins of the companies that have to hire them as full time employees. It has huge operational implications, and it has really terrible opex implications for a company. Even if are super clever in capturing consumer demand, the unit economics are going to be pretty shiddy. And probably what it means more than anything else is it's not a real venture kind of business.
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