Comments by "Louis Giokas" (@louisgiokas2206) on "How the radical Left turned America's cities into “slums” | Michael Shellenberger interview" video.

To say that San Francisco is at the heart of America's tech boom is a mistake. The city was never the heart. It was suburbs like Cupertino, San Jose and many others where the actual tech companies are located. The city itself was never the epicenter.
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@genekelly8467 Great comment. The Theranos situation instructive. Look at all the wealthy "smart" people who were fooled. Look at the Bernie Madoff situation. His "investors" were all successful and wealthy people. They were all conned. Venture capital is an interesting thing. The expectation is that only 10 or 20 percent of the companies will be successful. Having dealt with venture firms, I can confidentially say that they are mostly guessing. That is their right. It is their money.
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