Wednesday, May 16, 2012

Second Avenue's Hanauer Steps Into Controversy With TED Talk

Seattle venture capitalist Nick Hanauer, known for his investments in Amazon.com, aQuantive, and other local companies, looks to have -- he's stirred up some controversy over a TED talk he gave at the TED University conference, according to a report. Hanauer apparently stirred up a hornet's nest by arguing that it's the middle class--not the wealthy, like himself--who are the job creators in the country. Hanauer says in his speech: "an ordinary middle-class consumer is far more of a job creator than a capitalist like me."