Friday, July 01, 2011

Brother Can You Spare a Billion

I've been looking at the money being raised in the market, both in VC and IPO transactions, and aside from wondering what the hell those companies are going to do with all that money (Color: 51 million? you going to do some serious TV advertising? You're not a hardwaree company...) I can't help but wonder if this is what the wealthy are doing with their tax breaks? It seems like there a lot more effective ways to create the kinds of jobs we need in this country (hint: it's not a few thousand geeks in silly valley, though I'm one of them.)
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