3 ms·
> then one can simply create his/her own startup, bear all the risks (99% of startups fail) and reap all the rewards. How does that work? Most of the rewards g
by lifeonlars 3y ago
> then one can simply create his/her own startup, bear all the risks (99% of startups fail) and reap all the rewards.
How does that work? Most of the rewards go to the owners of the capital. That's literally the central idea of socialism.
- slt2021 3y agoyou don't have to raise capital at unfavorable terms. Plenty of bootstrapped startup founders out there or founders who raised at very favorable terms (like raising 50+ mln with just a powerpoint, not even a POC of a product). or alternatively - plenty of dual class stock holders (Zuckerberg is prime example), where you still retain control of company, while benefitting from cheap VC and public capital