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> A counter-argument to this premise could take this line and re-write it as "American corporations exist only because shareholders/VC firms invested capital i
by dclowd9901 8y ago
> A counter-argument to this premise could take this line and re-write it as "American corporations exist only because shareholders/VC firms invested capital in them."
And how on earth would that be a valid counter argument? It's patently false! Companies _do not_ require shareholder or VC investment to exist. They require people to work at the company and produce a product ("product" being the most extended notion of a company's deliverable).
- castlecrasher2 8y agoWe're talking $1 billion+ in sales per year corporations, per the article, most of which are public. Obviously you are correct that companies need people but I don't see "how on earth" it's invalid to suggest most companies getting $1 billion revenue/yr exist as they are because they received some kind of outside funding. Very few companies are 100% bootstrapped.