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It's always a good idea to be skeptical of someone making claims you need lots of capital to rapidly scale your business when that person is selling capital for
by bsbechtel 7y ago
It's always a good idea to be skeptical of someone making claims you need lots of capital to rapidly scale your business when that person is selling capital for a living.
- benj111 7y agoYou do need lots of capital to scale rapidly (I don't sell capital for a living). If you're a company and want to expand you either use your profits, or borrow money, the more money you borrow, the more widget machines you can buy. The open question is how big you should grow before demonstrating profitability.
- jppope 7y agowell we're all sitting around here talking about WeWork and not the other million co-working spaces... so in way their plan worked.
- linuxftw 7y agoI only hear about wework hear, via the media. If this was a penny stock, we'd call it a pump and dump scam. I know tech people all over the US and Europe and literally no one has ever spoken the word 'wework' outloud to me.
- airstrike 7y agoI'd make the follow small modification to the parent's quote: I's always a good idea to be skeptical of someone making claims you should raise lots of capital to rapidly scale your business today or in the near term, as opposed to other strategic alternatives when that person is selling capital for a living.
- bsbechtel 7y agoI don't disagree. You also need medicine when you're sick, but you go to a doctor and not a pharmaceutical salesman to get an independent opinion.
- benj111 7y agoLol. Ok, point well made :)