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Thank you for the added detail and for correcting gaps in my knowledge about the company. It's been a while since I thought about it. >The type of accounting y
by hagbardgroup 13y ago
Thank you for the added detail and for correcting gaps in my knowledge about the company. It's been a while since I thought about it.
>The type of accounting you're describing is nearly impossible for these extreme tech projects.
I thought I had made myself clearer. Obviously the company's losses are what did it in, so of course it matters regardless of how ambitious the company is. Investors can provide entrepreneurs with more time to discover a sustainable business model. Governments do not have a great track record for producing profitable enterprises that sustain themselves, to say the least.
The position that I subscribe to is that those sorts of stimulus methods make it harder for companies to discover a business model rather than easier, because it pushes the incentive towards politicking rather than building a successful private company.
It was not my intention to impugn the original investors or even the people who work there. I don't agree with your first point, but would rather not get bogged down in it on HN. There is probably a substantial gap there between what I have read, what you have read, and what our values are. We don't have the time to bridge that difference in a discussion like this.