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It seems unfathomable the rate at which some of these companies lose money. When I think of asking an investor for money, I imagine having a to put together a p
by blackflame7000 7y ago
It seems unfathomable the rate at which some of these companies lose money. When I think of asking an investor for money, I imagine having a to put together a pretty foolproof plan of action to get a return. How do companies like Uber, Tesla, or even Amazon early on convince investors to lose money year after year? Investors have never struck me as the patient type.
- chadcmulligan 7y agoThey call it "Tilt" in poker, you have a losing hand or two and start throwing money to try and recoup your losses.
- blackflame7000 7y agoI get your sentiments, but to me, it's like going on Tilt with someone else's money while they watch.
- tim333 7y agoThe theory is Uber / Tesla / Amazon will turn into global near monopolies and be worth loads of money down the line. Which kind of happened with Amazon. Most investors invest over a life time. They just don't trust startup idea X will turn into Microsoft which is why they are looking for a good plan to get a payback.