E164: Zuck’s Senate apology, Elon's comp package voided, crony capitalism, Reddit IPO, drone attack
All-In with Chamath, Jason, Sacks & Friedberg
Risk Capitalism vs. Crony Capitalism
In capitalism, there are two kinds: crony capitalism and risk capitalism. Risk capitalism involves founders with ideas and investors willing to take a chance, knowing that most investments may fail but hoping for an outsized return in a few cases. In this model, everyone is invested and works together to achieve success.
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