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Read the article again. They invest in crap businesses because the ideas are simple and the products they offer are physical. The thinking goes, if the t-shirt
by mahmud 17y ago
Read the article again. They invest in crap businesses because the ideas are simple and the products they offer are physical. The thinking goes, if the t-shirt company goes I still have the t-shirts which I can autograph and sell.
Your idea wouldn't go very well, stick to VCs.
- DanielBMarkham 17y agoI didn't gather that. I mean, I got the part about Securities are invisible, after all, and if you don't study them, they're unintelligible. Not to mention boring. Inventions, nightclubs, car dealerships and T-shirt companies have an advantage: the thrill of tangibility. But flotation devices for furniture? Inspirational movies? Restaurants? Missing prenuptials? I grant that athletes might tend towards more physical goods, but I'll bet you good money there has been a lot invested in less tangible ones as well. Actually I've given up on VCs for now. Their track records are worse than mine. Bootstrapping is much more logical for technology in this climate.