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I think I have an idea for you. Maybe, in order for our Venture Capitalist to be eager to take risks again, we should allow the FED to be counterpart to their risk and guarantee to absorb any lost our Venture Capitalist would endure. Then, we could call them Venture Socialists and everything would end well.
Your ideas make me so angry…if Venture money has no stomach for risk anymore, it should just change business. You see, the problem is that our leadership has become lazy and a bunch of fat cats. Only Side Suppliers, Michael Porter idealists could suggest that government should take risk away from Ventures. Really, look at yourself in the mirror when you say it; listen to a recording of what you suggest for heaven’s sake.
Maybe the next thing we should consider is a degressive marginal tax rate on income. Any first dollar you make is taxed at 50%, and this rate progressively diminishes for each new dollar and the millionth dollar and on is not taxed.
Does not anyone up in your world have any balls anymore?
A venture capitalist is just that, a venture capitalist.
If a Formula One race car driver does not have the stomach for racing anymore, for any reasons, he stops racing. If your “risk takers” do not have the stomach for risk anymore, they should just stop.
But I have a great idea to stimulate the appetite for risk among the wealthy, let’s tax great fortunes. Anyone worth more than 250 million dollars would be taxed 5% on his total wealth each year. This surely would motivate these people to take a bit of risk in order to prevent the erosion of their mattress.
Bye bye…
Denys Picard