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It is little surprising Sam Altman say this. The whole notion of startups is that the entire world is rooting against you. The reason why Uber or Pinterest went
by KorematsuFred 7y ago
It is little surprising Sam Altman say this. The whole notion of startups is that the entire world is rooting against you. The reason why Uber or Pinterest went to VCs and not the banks for loans is because Banks do not give loans to such risk businesses. That aversion to risk is essentially what makes startup success spectacular. It is not just Tesla that people are rooting against. People rooted against Ford Model 3, Google and Internet itself if you simply bother to look at news of those times. Paul Krugman, the patron saint of left liberals predicted that Internet would simply disappear.
Also what you say is irrelevant. What matters is your portfolio. Are you making money off Puts or Calls ?
- BEEdwards 7y agoTBF about the Paul and his prediction of the internet, there are some who would argue it hasn't actually produced or improved anything.
- leesec 7y agoHackernews never fails to blow me away. I can't be the only one who thinks it is insane to say the Internet hasn't produced or improved anything.
- ggm 7y agoGross or net? Gross, huge upsides. Truly. Net? Not so clear. The socialised downsides now include hollowing out and killing mainstreet, the end of privacy, rampant porn and pornification of normal life, spam, and hacked elections.
- KorematsuFred 7y agoBS !
- ggm 7y agoSuch compelling argument!
- KorematsuFred 7y agoActually calling out BS when it is BS is actually the best response. Honestly FU is a better response than a logical argument for thickos.
- ymolodtsov 7y agoUber and Pinterest went to IPO because they wanted liquidity for their investors and employees. And, surprise, there are venture loans.