I have to agree with this post. Mark is a really smart guy, but I'm not sure his idea is practical from an implementation point of view nor would it have the desired effect.
I would say, given the value of LinkedIn shares right now (P/E over 300), there is more capital available than there are good people and businesses worth funding.
Honestly, I think we're being crushed by regulation or in some cases paralyzed the fear of it. We've gone from a nation of do-ers to a nation of let me check with my lawyer first.
There are laws preventing regular people from investing in non-public companies, laws preventing competition in markets, laws making it difficult to hire/fire employees, etc...
Propping up the old guard is rarely good for the common man. It can hold off chaos for a short while, but the longer you do it, the worse things get. It should be a means to an end, not an end in itself.
I think our country has forgotten how to think long-term. Our constitution was obviously written by long-thinkers. It's remarkably sound. Unfortunately, they expected people would continue to think long-term, and that hasn't happened. They even put in a ton of checks and balances to make sure things got done, and we've systematically overridden them for short-term gains and 'emergencies' that never go away.
I don't understand. It's better to save jobs than to create them.
It's better to dig a hole with 100 shovels than with 10000 spoons.
It's better to dig a hole with 1 excavator than with 100 shovels.
I would say, given the value of LinkedIn shares right now (P/E over 300), there is more capital available than there are good people and businesses worth funding.
Honestly, I think we're being crushed by regulation or in some cases paralyzed the fear of it. We've gone from a nation of do-ers to a nation of let me check with my lawyer first.
There are laws preventing regular people from investing in non-public companies, laws preventing competition in markets, laws making it difficult to hire/fire employees, etc...