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Are you sure we could skip the "round" feature of entrepreneurial finance? It is a classic problem in market economics: whenever you deal with low volume, uniq
by baguasquirrel 18y ago
Are you sure we could skip the "round" feature of entrepreneurial finance? It is a classic problem in market economics: whenever you deal with low volume, unique items, you won't have enough information to set a fair price. Market economics don't really work until you have a real market around a single item, whether it be pork bellies or Google stock.
More broadly, anytime the economic stakes of a transaction goes up, you'll often have the whole bargaining/negotiations spiel (e.g. cars and Oriental carpets). But the cause in that case is due to the cost efficiency of paying professional negotiators to extract more money out of the average consumer.