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In my experience, $100b companies tend to be owners of things and not renters. Why would you pay multiple times for something when you were the ones who took th
by pg_bot 6y ago
In my experience, $100b companies tend to be owners of things and not renters. Why would you pay multiple times for something when you were the ones who took the biggest risk in creating it?
- Nextgrid 6y ago> you were the ones who took the biggest risk in creating it? They weren't the ones though. They had a lot of investors who swallowed this (flawed) business model whole and decided to bankroll it. The people at Quibi don't have to care and likely got away with a decent chunk of $$$ regardless of the outcome. Sometimes I wonder if I should actually attempt all the business/project ideas I don't think would ever work. Dress it up with some marketing and a "good" pitch deck and let some suckers bankroll it. Best case scenario I'm a multi-millionnaire, worst case I've still got enough to retire on and it seems like the industry doesn't see these kinds of astronomical failures as a bad thing so I don't even have to sacrifice my career/reputation.