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> In my college economics class, I was taught that money is fungible because there's no difference between one dollar and another dollar. Over the last five yea
by dandare 9y ago
> In my college economics class, I was taught that money is fungible because there's no difference between one dollar and another dollar. Over the last five years as a VC, I've learned that that's not exactly true and that some dollars are much more valuable than others to a business.
I understand the author is trying to write creatively but such parallels only create confusion. Of course, money is fungible, no, some dollars are not much more valuable than others. If your dollars come attached to a condition or cost you money to get that is a different story.
- leggomylibro 9y agoI'm trying to think of a way to ask: "did the author's college economics class not cover 'opportunity costs'?" without sounding like an asshole.
- walshemj 9y agoor the time value of money
- cortesoft 9y agoYeah, I thought this was going to be something like Planet Money's report on Myanmar, where people value crisp new bills more because they don't have easy access to banking: https://www.npr.org/sections/money/2013/05/10/182309623/why-almost-no-one-in-myanmar-wanted-my-money https://www.npr.org/sections/money/2013/05/10/182309623/why-...
- thevardanian 9y agoI think in certain situations the worth of a dollar amount changes. For example if I'm running a project and I run into a financial bump and require getting 100K ASAP, that 100K is "worth more" to me now as that 100K can mean the difference between losing millions, or gaining millions more.