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This is exactly what I'm seeing here in Brooklyn. Lots of businesses went out of business but new ones have already taken their place.
by felipemnoa 6y ago
This is exactly what I'm seeing here in Brooklyn. Lots of businesses went out of business but new ones have already taken their place.
- hh3k0 6y agoClever way to entrepreneur yourself into bankruptcy, with a second COVID-19 wave likely following the first.
- steve_adams_86 6y agoYeah - wow, I can't tell if I admire the entrepreneurial spirit or pity these people for taking such a blatant risk. Numbers where I am are hitting record highs (though they were previously relatively low).
- vmception 6y agoThey service low interest debt and a lease price locked in for 10 years Distribution of failure probably won’t be worse than before for new entrepreneurs People with money or access to capital are in a different world than people without
- papito 6y agoThe difference is risk. If I take a risk like that, I end up living with my parents. They just fail and move on to the next failure, or a success.
- vmception 6y agoYep, there is a survivorship bias because they get to try multiple times in quick succession, compared to once every ten years, or just once, or never.
- doopy-loopy2 6y agoIt's over. There will also be no appetite for another lockdown.