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Which private enterprise has the power to run a hundred billion project that isn’t funded by the government. Not one.
by scarejunba 8y ago
Which private enterprise has the power to run a hundred billion project that isn’t funded by the government. Not one.
- woolvalley 8y agoUber, Google Search Engine, Facebook, etc.
- scarejunba 8y agoNone of them have done anything on this scale, have they? They’re valuable because they don’t make investments like this. Their work is on a long lever so they have great margins over massive volume.
- ahakki 8y agoI’m pretty sure Uber has terrible margins :)
- scarejunba 8y agoHaha, or potential for great margins, right. It's not one big project that costs $100 bil, right. There's very little incrementality to HSR, etc.
- masonic 8y agoGoogle has spent over $200 million on land alone... in the valley alone... just in the past month. I heard that it seriously depleted HQ's petty cash fund. (But seriously, these were, in fact, all-cash deals.)
- scarejunba 8y agoYeah, but they don't do that every month. And $200 million is 1/500 of 100 billion. This is like the difference between going to a nice restaurant and buying a McLaren P1. Or spending all your money as an L7 at Google vs. going to space yourself.
- masonic 8y agoThink of all the high-rise apartments (which so many on HN claim to want) and large commercial complexes that are constructed purely by private enterprise. AT&T Park, Levi's Stadium (over $1 billion), and the new Warriors arena (over $1 billion) were privately funded.