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It’s always interesting to think back on the feudal economies of the past and wonder what sort of a wealthy landowner one would have been. Would my tenants have cursed me each year when the hard winters set in, or would they have loved and respected their master, and cheerily doffed their caps in recognition as I rode by?

Sadly, there’s a new feudal system now, and Nick Tredennick’s article, An Engineer’s View of Venture Capitalists, makes me feel that I’m really much closer to being one of the peasants.

© Copyright Quentin Stafford-Fraser