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Yes. Most of what early vc practically pays for is salaries (and a lot of that is really just a passthrough to landlords because California is an incompetent state run by incompetent people.)


I believe you just had a "whoosh" moment.


That's what I get for reading literally. sigh.


You can take solace from the fact that you've made quite a few people sensibly chuckle in cafes around the world.


haha this is why I love HN


the landlords beg to differ. to them it's a great country, run very competently.

private tax (rent for soil bound property is nothing but a private tax) is the best thing since aristocracy and tithing.




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