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Well, I do not think brokers are eager to buy Venezuelan IT start-up shares just because Big Mac is most severely undervalued there.
by ommunist 11y ago
Well, I do not think brokers are eager to buy Venezuelan IT start-up shares just because Big Mac is most severely undervalued there.
- ciroduran 11y agoSpecially if you cannot freely convert VEB to any currency under any of the three (yes, three) official rates, unless you're a friend of the government.
- fennecfoxen 11y agoYeah, and the government can step in and seize your business if they feel like it: http://blogs.wsj.com/frontiers/2015/02/04/venezuela-seizes-supermarket-chain-stores/ http://blogs.wsj.com/frontiers/2015/02/04/venezuela-seizes-s... You'll probably be fine with a small-time software business but you won't see anyone hurry to commit a bunch of cash to turn something into a $1B Venezuela unicorn...
- dorgo 11y agoForget IT. Buy Burger in Venezuela and sell them in USA. 4$ profit per burger.