> it’s not the government’s job to protect people from scams ahead of time. What a strange claim. Protecting people from scams is literally what the Federal Tr

> it’s not the government’s job to protect people from scams ahead of time. What a strange claim. Protecting people from scams is literally what the Federal Trade Commission is for, among other agencies. Bankman-Fried was arrested due to breaking existing laws that define what some scams are ahead of time. > Nobody’s Labour ever makes a difference. I can see why some people with little to no experience in business or starting companies can get this impression and form pessimistic opinions based on negative stuff you hear in the news or social media. Fortunately, it’s only true of the worst offenders, and not generally true. People’s efforts do make the difference to the success of startups all the time. Having money for sure helps, and primarily affects whether people can afford to try, and for how long, but it’s not as good at ensuring success, effort and timing and luck play larger roles there. > The bigger the company, the higher the risk. Why do you believe this? I’d guess fund managers and most investors would outright disagree. The safest single company stocks are the largest companies. A bigger company may have more to lose, but they’re bigger in the first place only because they survived the small and medium phases. The probability of a company failing is much higher when small, and most startups fail before ever getting to small company size, and most of those fail before getting to the medium or large company size.