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“...and since one can’t ask a stranger to fund him...” That’s been a solved issue since at least the 17th century with joint stock companies. What else is an

• TheOtherHobbes 7y ago
  Sometimes it's a substance-free scammy marketing exercise.
• eaenki 7y ago
  Name one company that raised its first million with an IPO in the last few decades. Let alone one that did so while producing something like Google
  • kortilla 7y ago
    Last few decades? You do know that includes the dot com boom that was filled with tech companies doing early IPOs with basically nothing to show? Also, the only reason early IPOs aren’t popular anymore is because capital is so easy to get from VCs, despite what you’re suggesting. The difference is that you want money without a business plan or a plan to grow, which is not how private, nor public, money should be squandered.
    • eaenki 7y ago
      Again, name one company that has been world changing and raised the seed round in an IPO. None. And no, this is simply an idea that would offer funds to the vast majority, who don’t have access to VCs. 99.9% of VC funded companies are not world changing ideas (even if they worked at scale as intended). And 99% of that came thru an intro. So yeah. Heck, this is the thesis of YC, except they also fund petty companies, because they’re optimizing for returns, not far fetching ideas.
    • dragonwriter 7y ago
      > You do know that includes the dot com boom that was filled with tech companies doing early IPOs with basically nothing to show? And, even so, exactly zero of those, AFAIK, were so early as to have raised their first million that way, underlining the grandparent’s point.