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> Roku (who I have never heard of as a consumer) had two Billion USD in cash ? wtf This is arrogant. There are many billion-dollar businesses you haven't hear
by boeingUH60 4y ago
> Roku (who I have never heard of as a consumer) had two Billion USD in cash ? wtf
This is arrogant. There are many billion-dollar businesses you haven't heard of, most of them in boring industries. For instance, have you heard of Vitol? Likely not...but they made $279bn in revenue in 2021.
https://www.vitol.com/vitol-2021-volumes-and-review/ https://www.vitol.com/vitol-2021-volumes-and-review/
- fuzzfactor 4y agoThere's always been money in streaming when you're doing it with pipelines, ships, and barges. Sure it takes decades but this was a startup financed by a small family loan, rather than true venture capital that could more realistically be considered "Other People's Money". So they get to be private, start their exponential growth from a much more retarded point, and have to leverage other people's pipelines, ships, and barges or it wouldn't work. Even in a capitalist market, enough strength can sometimes be built without other people's money, that it can be an unfair advantage compared to the capital-bound operators making up the majority of the market itself. Entrepreneurialism != Capitalism. With Roku I heard of it here and it turns out I had a pretty good idea about their streaming. But no further interest other than to see how they do financially over the years, as a spectator. I'm hardly a consumer at all. So definitely didn't find out about Roku as a consumer. But before I knew it my brother got one, he consumes that stuff and now I'm more familiar than I wanted to be. I would actually call it kind of boring myself.