SiFive is a fabless prop chip designer, they build no fabs. Yes building fabs is heavy industrial investment, and thus less amenable to open models. Drawing the masks is not.
Lot of VC work is regulatory arbitrage: how to steal the flowers from the public park without going to prison. That's why they are so proud of all these local sectoral monopolies they established while the lawmakers were asleep at the wheel, or bought, so the normal limits on profit in a market economy, through competition, are suspended.
Bulk of VC compensation is management fees, wisely based on the "head I win tail you lose" model and losses are often outsourced to ordinary folks via institutions like the Ontario Teachers' Pension Fund.
Money is just the scoring system of the economic game. If the rich play zero sum games with the points with each other it's harmless, and much better than malinvestment in Yachts or Web3 platforms where actual steel and engineering capacity is taken away from better use cases.
Lot of VC work is regulatory arbitrage: how to steal the flowers from the public park without going to prison. That's why they are so proud of all these local sectoral monopolies they established while the lawmakers were asleep at the wheel, or bought, so the normal limits on profit in a market economy, through competition, are suspended.
Bulk of VC compensation is management fees, wisely based on the "head I win tail you lose" model and losses are often outsourced to ordinary folks via institutions like the Ontario Teachers' Pension Fund.
Money is just the scoring system of the economic game. If the rich play zero sum games with the points with each other it's harmless, and much better than malinvestment in Yachts or Web3 platforms where actual steel and engineering capacity is taken away from better use cases.