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TC50: Short On Cash? Startups Can Trade Goods And Services
- dfranke 17y agoBotha took the words out of my mouth: Roelof Botha: I don’t like it. Money was invented for a reason, we’ve seen people try to use beans etc. and it doesn’t work. I wouldn’t invest. What problem does this company solve that banks and bond markets don't solve with incomparably greater efficiency?
- patio11 17y agoI would be very scared about the long-term prospects of a company whose customers were defined by "inability to pay for goods and services critical to our business needs." The whole startups-targeting-startups thing strikes me as a bit of Valley-thinking, too. Its like people think there is a parallel virtual economy where there is an entire ecosystem of venture capital, startups receiving venture capital, startups servicing startups receiving venture capital, web designers working for startups servicing startups receiving venture capital, etc etc, and no one has to actually sell anything to real people at any point. I think this virtual economy is a consensual fantasy which crashes with reality every couple of years.
- michaelkeenan 17y agoInteresting...bartering might help you avoid taxes and regulations.