Damus
Laeserin · 85w
Like, that's actually the normal path: Someone invests *their own* capital and customers pay them for their products, and it takes years to break even. That's why they have to be very responsive to ...
Laeserin profile picture
The whole idea that it's a good thing for someone to get millions of dollars just dropped on their heads, when they have barely even started, is California Capitalism.

I think it leads to feverish boom/bust cycles, rather than more steady, organic growth.

And there's no evidence that the end result is better. Maybe being built a bit slower, by people with a small budget might actually have a positive effect on the product development. ๐Ÿค”
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Laeserin · 85w
Or maybe I'm just trying to HFSP. ๐Ÿ˜‚ Who knows.
Jordan Eskovitz · 85w
"Wealth gained hastily will dwindle, but whoever gathers little by little will increase it." Proverbs 13:11
Guy Swann · 85w
Agree except that calling it California Capitalism I think is inaccurate. Capitalism is actually based on free markets, we have. Nothing of the sort, not even slightly. What you describe is a consequence of the fiat debt system, which is based on the communist tenant of central banking and money as...