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If you use someone else’s money you have to pay him back with interest or equity.
by lurk2 9mo ago
If you use someone else’s money you have to pay him back with interest or equity.
- re-thc 9mo ago> you have to pay him back with interest or equity That's the price for infinite scaling. If a business can't make more than that it should be shut down. i.e. do you want to make 25% of 1 billion or 5% of 1000 billion?
- lurk2 9mo agoThe point the great-grandparent is making is that Google could comfortably finance the project itself and make 100% of the upside, not 25% or 5%.
- re-thc 9mo agoAnd the point here is borrowing more money increases available funds for bigger rewards. Google can fund 1 Waymo but not an infinite amount of them.