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> not all businesses have investors. If I form a business and take no outside money, I am the investor, particularly in the context of GP’s point that “[busine
by sokoloff 3y ago
> not all businesses have investors.
If I form a business and take no outside money, I am the investor, particularly in the context of GP’s point that “[businesses exist]…to make investors money.”
- kdfjgbdfkjgb 3y agowhat about nonprofits?
- 6gvONxR4sf7o 3y agoSo in that case, you're investing your time in return for money/happiness? Sounds like the same proposition as employees.
- sokoloff 3y agoAnd money to get the company started. Even before a dollar of revenue comes in, lawyers, accountants, and the state need to be paid, and someone has to front or pay for the real estate. And employees are guaranteed a wage, unlike founders. These differences are often overlooked, seemingly out of convenience for the argument.
- musicale 3y agoNon-financial businesses generally exist to provide goods and services. If FedEx stops delivering packages and provides no other goods or services, does it really need to exist?
- sokoloff 3y agoIf Fedex stopped making money, would it have any reason to continue?
- AnimalMuppet 3y agoIf it stopped making money, it would have no ability to continue - at least, not for an indefinite time.
- amelius 3y agoIt continues: > But assuming that the primary purpose is to make money (...)