I don’t get why C-Span host Scully was not fired for lying. I don’t care if he shares his political opinions, but if he lies about it then he can’t be trusted.
I think most companies and founders will get far better off never taking outside funds.
Here’s a thought experiment about a theoretical company that can obtain incredible valuation.
You start out with some money from friends and family, and you use this money to sell $100 bills for $50. Lots of takers.
Soon enough, you go to a VC and show them your revenue stream, and tell them with more capital you can make the margins much better.… read more “Tornato7 wins comment of the year…”
Two generations ago, 90% of Americans could expect to earn more than their parents. Today, that number is under 50%.
In 2008, during the Great Recession, Boomer politicians brought in massive bailouts for their friends and fellows in their generation. Instead of going bankrupt, many banks and companies were instead given money taken from future generations.… read more “Intergenerational Wealth Transfers to Boomers”
Pick your peer group wisely because you’re giving them write access to both your conscious thoughts and your entire worldview – patio11