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Why would a billionaire by necessary? As mentioned, there are other vehicles to obtain financing. Secondly, when billionaires disappear, their wealth doesn't
by chillwaves 6y ago
Why would a billionaire by necessary?
As mentioned, there are other vehicles to obtain financing. Secondly, when billionaires disappear, their wealth doesn't disappear with them. Not sure what you are asking.
- refurb 6y agoBecause at least for big moonshot ideas, it's much easier for one billionaire to bankroll some crazy idea everyone else thinks is a waste of money. And even if you could gather the funding, you now have to keep a few dozen investors happy versus just pursuing your idea however you want. And sure the money doesn't disappear, but would you really expect an Amazon warehouse worker who now makes $70k instead of $35k to be investing in highly risky ventures? I mean, they wouldn't even qualify to invest.