3 ms·
> Or sleep on people's couch. The guy can't afford a hotel? I question whether he actually sleeps on their couches. He may sleep in their spare bedrooms, or sp
by jimkleiber 5y ago
> Or sleep on people's couch. The guy can't afford a hotel?
I question whether he actually sleeps on their couches. He may sleep in their spare bedrooms, or spare master bedrooms, or spare houses.
But possibly he's sleeping on couches—I guess I imagine it's more likely part of his business model, which mostly appears to me to be raising capital exceedingly well, getting other people to pay for his ventures. It's a hard sell to get investors to say, "Hey, I'm going to use all your money on these mansions." Much easier to say, "All the money you invest, I will spend on making you profits." In a way, his main model seems to be similar to nonprofit fundraising and in nonprofits, funders seem to hate if the people running the show look to be too wealthy, as it may appear to be a waste of funds.
But I could be off on this, just the vibe I get.