Thread by @realJeffreyP

Insider tip: A lot of the wealth the top-tier Dems such as Tom Steyer have access to, is from years of self-dealing between Silicon Valley venture capitalists. When the valuations are sky-high, they cash themselves out by selling the companies to the public through Wall Street.

it's literally like printing money. A closed club -- "designated" VC's only such as Steyer, Tim Draper (who I used to know), and others, who trade companies back and forth amongst themselves while raising valuations. They do it over and over again. Has been that way for years.

The amount of money they make doing this would blow most people's minds if they saw the statistics. It is literally like creating money out of thin air. These kind of interests are where the majority of -domestic- "big" money floating around the Democrat party comes from.

When you see a company such as Uber come public at a sky-high valuation, pitched by Wall Street at a chance to "get in on the IPO," make no mistake about it. The big money has already been made by the Silicon Valley VC's. They need Wall Street to spread around the

IPO shares as broadly as possible and then prop up the market in order to justify their exit.

Uber is a good example because it was only founded ten years ago. The IPO valuation was $82 billion -- I'd say more than half of that was pure profit for VC's who did nothing but

stand around in their designated positions as "middle-men" and collect free money.

And that's just one deal. There's hundreds of deals every year. Not as big as Uber. But significant, nonetheless. Seats reserved for those who are "in the club." That's how it works in SV.