Our government is just way too interested in mucking around in Silicon Valley by creating and enforcing rules based on little or no understanding of the consequences.
Michael ArringtonMost of the money I make now comes from investments from CrunchFund. And the vast majority of that is what's called carried interest.
Michael ArringtonThe payouts for starting a business are just terrible when you account for risk. A tiny minority of entrepreneurs ever get rich. And the majority of entrepreneurs would probably make far more money, and have more stable personal relationships, if they just worked for someone else.
Michael ArringtonSuccess in Silicon Valley, most would agree, is more merit-driven than almost any other place in the world. It doesn't matter how old you are, what sex you are, what politics you support or what color you are. If your idea rocks and you can execute, you can change the world and/or get really, stinking rich.
Michael Arrington