Degens For A Brighter Future

In 2021 our portfolio company Fridge No More raised $19M and opened 49 stores in NYC, employed 300 people and was able to deliver goods to your door in under 15 minutes, paying above minimum wage to couriers (they were actually so happy with their jobs they offered to work for free when the company couldn’t get funding). Unlike Mamdani’s store they had to pay rent and taxes. This is $387K per store including all the R&D, CapEX, and a central processing facility. Somehow when a socialist politician is trying to do that it’s 100x more and takes 3 years. Remember my words it will not end at $30M. Very soon they’ll ask for more.

Here it comes… Ro Khanna + Bernie Sanders are proposing a *national* wealth tax on billionaires. Going even further than California, they want this 5% unrealized wealth tax to be annual.