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"Imagine a country where anyone could apply for a state loan for 18 months to start their own company. Then after these 18 months, the loan becomes either an al
by mgkimsal 13y ago
"Imagine a country where anyone could apply for a state loan for 18 months to start their own company. Then after these 18 months, the loan becomes either an allowance or remains a loan, based on company performance."
Isn't that what angel investing basically is? Well, except for the loan part - often it's not required to be paid back.
If you're not capable of convincing a few people to invest a minimal amount in your idea, you probably won't be able to sell it to those you need to (customers, or at least other sales people).
"Why is filling a job position rewarded while creating one is not? Do employees add more value to the economy than entrepreneurs? I doubt it. "
Well... the 'job' as it were actually exists - the 'value' of the 'entrepreneur' in this case is still unproven, otherwise there'd be revenue for him to live off of and hire other people.
Possibly too, the idea of 'entrepreneur' gets blown up in the media to mean 'mark zuckerburg' and 'google', and certainly many large companies the press lauds tend to have a habit of avoiding taxes which help pay for social programs like what this one might be.
Also, encouraging someone to go in to debt doesn't seem a good way of life. How many "entrepreneurs" now have 6 figure credit card debt after chasing the dream because they watched "the social network"? Not trying to trivialize it, but I know far more failed entrepreneurs with moderately large debt issues than I do successful ones (and I know both). Someone trying to start a business which now has extra debt burdened on it (which might not be dischargeable in bankruptcy - see student loans in the US) might just adding on problems. Certainly, for many people, trying to cope with looming debt while they try to work on a business is a heavy burden that contributes to the business failure itself.
- vincentleeuwen 13y ago"If you're not capable of convincing a few people to invest a minimal amount in your idea, you probably won't be able to sell it to those you need to (customers, or at least other sales people)." Angel investing is only a workable solution if the company has massive potential. One should not forget that there are all kind of SME companies that don't quality for this. Still, many of these do add a lot of value to the local ecosystem.