![]() ![]() A prospector comes along, invests in a tech business or two, the money is drained through expense.people, tools, buildings, services etc.all the people involved in propping up that business make money, the prospector ends up with a major holding in a billion dollar business, liquidates a large chunk when it floats, piles money back in and ultimately walks away with less than he started with because inflation cannibalizes the investment. Weirdly, this still happens to this day in San Francisco.but we call it the tech industry now. ![]() ![]() If you were digging for gold, you were ultimately the mug funding it all. It wasn't the gold, it was the brothels, bars, hotels, shovel sellers and all the other associated businesses that profited from the gold rush. This is exactly how San Francisco became a rich city. ![]()
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