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SV just has the investors who will listen to promises of N-million% growth; investors exist all over the country, but the prevailing risk/rewards seems to have
by leggomylibro 9y ago
SV just has the investors who will listen to promises of N-million% growth; investors exist all over the country, but the prevailing risk/rewards seems to have made that uniquely SV attitude the only one where actually investing makes sense.
"Hello M. Investor, I would like to start a laser tag place. It will use innovative technologies like drone targets, utilize the cheap real estate and latent suburban customer base of a disused mall, and we think we can conservatively double your investment for the initial capital outlays in ten years."
Well gee, that sounds nice, but this new laser-tag-as-a-service company has promised us enormous user growth and the possibility of a buyout by Facebook in ten years. They say they're looking at more like a 100x rate of return. Next!