The 50% "Uncle Jeff tax" on online services
Building The Infrastructure Of Web3 | Greg Osuri Of Akash Network | The FH Show - EP16 (Felix O. Hartmann)
“a16z came up with an amazing report recently called the Trillion Dollar Paradox, where they said 50 [percent] of every penny you spend on online services like Asana or Netflix and whatnot goes to Amazons or Googles of the world… half of every dollar you spend goes to the Uncle Jeff tax.” — 00:08:33
Context: Cited to argue cloud margins are unsustainable and companies are repatriating from cloud back to data centers; “three companies really control eighty percent of the market share [of] the cloud.”