3 ms·
The admonishment is deserved; High capital requirements don't necessarily mean high burn rates, they mean that you'd better be damn sure that you have a viable
by Boxbot 9y ago
The admonishment is deserved; High capital requirements don't necessarily mean high burn rates, they mean that you'd better be damn sure that you have a viable business model to make returns on all that capital. The "unlimited exposure to high expenses" isn't some nit, it's a fatal flaw in their strategy.
- AndrewKemendo 9y agoAll that does is ensure that only the largest companies, who can eat losses, are the ones that innovate on hard technologies. Some things have no precedent in the market and I sure don't want those companies with out sized power already to be the only ones that can exploit it.