Over the past two decades, the Internet and technology industries have created unimaginable wealth. The Dotcom bubble may have burst almost two decades ago, but the Silicon Valley money making machine is still churning. But there’s an arguable issue here, the growth of modern technologies has further centralized wealth, creating even more drastic wealth disparities. As normal though, that’s where Bitcoin comes in.
Just weeks ago, Lyft, the popular ride-sharing startup that occupies 33% of its respective market, went live on the Nasdaq. Shares of Lyft, denoted by the rather fitting ticker symbol LYFT, have since fallen dramatically (30%), but there have been entities making a copious amount of money throughout all this. These entities, if you haven’t guessed, are venture capital firms.