Historically, one of the ways that Andreessen Horowitz has approached startup investing is to inflate a company’s valuation; it is “the OG when it comes to doling out speculative startup valuations.” The new proposed tax punishes this kind of behavior — a high valuation means a high tax. “This makes startups completely implausible,” says Andreessen. “Venture capital just ends. Firms like ours don’t exist.” Elizabeth Lopatto https://www.theverge.com/2024/7/24/24204706/marc-andreessen-ben-horowitz-a16z-trump-donations Wait, did Andreessen Horowitz just convince me to support taxing unrealized capital ... microblog.pratikmhatre.com

@pratik @help @manton it seems Micro.blog is counting characters within the 'cite' and 'footer' HTML tags in Quotebacks toward the character limit for the timeline. If I use a simply 'blockquote' tag, the above post appears in full on the timeline. But this discourages use of Quotebacks

@pratik That’s true. Ideally it wouldn’t count those.

@pratik This is bizarre; so he's saying artificial inflation of startups is a good thing. What a leech.

@help Not sure how long does it take to add those two HTML tags to the exclude list but hopefully not too long. Thanks.