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What kind of startup? Right now it's probably easy to raise money if you're in the business of vehicle repossession, payday loans, dollar stores...
by thomassmith65 2y ago
What kind of startup? Right now it's probably easy to raise money if you're in the business of vehicle repossession, payday loans, dollar stores...
- island_wx 2y agoWhy is dollar store financing easy, and what are some current business examples?
- deleted 2y ago[deleted]
- thomassmith65 2y agoIt was just a quip. My point wasn't that targeting poor people is great business, but that Americans soon will be poorer. A lot of regular people are going to postpone that new MacBook purchase, pass on buying junior a car, cancel their second streaming subscription, etc. If I were to fund a company now (not that I have the funds to invest in anything bigger than a lemonade stand!) I would fund something essential, or something that prospers in hard times. Exactly how lucrative that makes the car repossession business, or the others, in any era, I don't know.
- ygjb 2y agoProbably right for everything except dollar stores - too much dependence on foreign manufactured, low-cost items.
- thomassmith65 2y agoIf we're being serious about dollar stores then I agree: while impoverishing Americans will increase demand, turning foreign-made trinkets into luxury items will erase the supply.