Read this economic statistic: The sale of ping-pong tables in Silicon Valley
The ping-pong table has become synonymous with global startup culture. In Silicon Valley organizations like Startup Ping Pong and the San Francisco Ping-Pong League have popped up in recent years. In Australia, a ping-pong table is tax-deductible for certain businesses. However, The Wall Street Journal discovers an interesting correlation. In the first quarter of 2016, sales of ping-pong tables dropped by 50 percent compared with the previous quarter. In the same period, venture-capital funding of startups dropped by a quarter. Is the ping-pong table the new indicator of economic prosperity or decline?
Read this economic statistic: The sale of ping-pong tables in Silicon Valley
The ping-pong table has become synonymous with global startup culture. In Silicon Valley organizations like Startup Ping Pong and the San Francisco Ping-Pong League have popped up in recent years. In Australia, a ping-pong table is tax-deductible for certain businesses. However, The Wall Street Journal discovers an interesting correlation. In the first quarter of 2016, sales of ping-pong tables dropped by 50 percent compared with the previous quarter. In the same period, venture-capital funding of startups dropped by a quarter. Is the ping-pong table the new indicator of economic prosperity or decline?
