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At some point someone is purchasing the asset for $1B. If both instances get purchased for $1B, then why do you care how they got there (assuming they both did
by mbesto 4y ago
At some point someone is purchasing the asset for $1B. If both instances get purchased for $1B, then why do you care how they got there (assuming they both did it legally)?
You're being tricked into thinking there is "one way to build a business". There isn't.
- rnk 4y agoIt's not that there is only some moral goodness in building a business from scratch. I hate the idea of rich people just using their wealth and connections to succeed, basically using their connections to get undeserved access to capital. Society would be better off if it didn't happen.
- mbesto 4y ago> building a business from scratch Please do tell. What exactly do you mean "from scratch"?
- rnk 4y agoWhat's not especially useful in my opinion is wealthy people who are failing in their company calling up their buddies to get more funding to buy up other companies that are doing something useful and successful when your own product is failing. Regardless of this case, we are all better served - & society is better served too - by new companies creating technologies and solving problems that succeed or fail on their own merits; the group that is not better served by this is people who succeed through influence peddling and connections to other rich people.