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Is this sarcastic? Borrowing millions of dollars at 20-30% to compete with some cash rich companies who already dominate the market seems crazy - (borrowing at
by thrkw123456789 10y ago
Is this sarcastic?
Borrowing millions of dollars at 20-30% to compete with some cash rich companies who already dominate the market seems crazy - (borrowing at 5% could be another matter).
- wpietri 10y agoDepends on your target audience. I wouldn't want to compete with Amazon as a general proposition. But there may be some specific niche that isn't well served by Amazon. For example, there could be some piece of Tarsnap's infrastructure that is irritating/expensive to create but that other companies want to use. Note, for example, that Dropbox gets "substantial economic value" from running their own hardware. [1] And Tarsnap is in the position to offer a backup-specific white label service that other entrepreneurs might rather pay to use than rebuild. [1] http://www.wired.com/2016/03/epic-story-dropboxs-exodus-amazon-cloud-empire/ http://www.wired.com/2016/03/epic-story-dropboxs-exodus-amaz...
- JDDunn9 10y agoWho said 30% interest rate? If banks are lending at 6%, than a 30% higher interest rate would be 7.8%.