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Even in a high-margin business, and even if the funds may eventually be returned, having funds not suddenly held by surprise can create real problems. These cr
by toss1 4y ago
Even in a high-margin business, and even if the funds may eventually be returned, having funds not suddenly held by surprise can create real problems. These create real distractions, extra entirely unprofitable work that is only to secure what is already due to you.
This is not acceptable from a critical infrastructure vendor.
That anyone is willing to reveal just how obtuse they are by attempting to justify it is astonishing.
- aidenn0 4y agoI was specifically responding to the question of whether or not "if you can't tolerate a loss of 3k, isn't your business practically doomed?" To which the answer is "It depends on the business." These things also don't happen in isolation; most small businesses will be able to survive $3k frozen for a quarter on a good day, but even well-run small businesses have bad days.
- toss1 4y agoYup! Good days and bad days (weeks/months) — in the good times, all kinds of bad stuff can happen without much impact, and in the bad ones, small things can become real problems, even existential problems. This says NOTHING about the quality of the business. Notice that both Tesla and SpaceX are extremely good businesses yet were within weeks of bankruptcy at several points in their history — a bad event at the wrong moment, even though very small percentage-wise, could have tipped them over the edge and they'd be history.