“All dollars are equal, but some dollars are more equal than others.” - George Orwell’s imaginary capitalist twin In my college economics class, I was taught that money is fungible because there’s no difference between one dollar and another dollar. Over the last five years as a VC, I’ve learned that that’s not exactly true and that some dollars are much more valuable than others to a business.
When is a Dollar not a Dollar?
When is a Dollar not a Dollar?
When is a Dollar not a Dollar?
“All dollars are equal, but some dollars are more equal than others.” - George Orwell’s imaginary capitalist twin In my college economics class, I was taught that money is fungible because there’s no difference between one dollar and another dollar. Over the last five years as a VC, I’ve learned that that’s not exactly true and that some dollars are much more valuable than others to a business.