Straight to jail

You’re such an extremist Odell

😅

😅

Dont tell the BIP 110 crowd

What

I pitched a business idea to a few friends and was like, it only needs x money then is profitable in 2 years— never happens in biotech. You need angel raise, seed, series A, 10-15 year timeline. I show them the cost savings for customers and how much I sell for, how many likely sales per year, how...

Profit is the art of extortion. 98% of businesses don't actually improve people's lives. They sell things that end up in a landfill.

Vos sos un maximalista de barrio, la verdad es que la rentabilidad de las empresas no es un tema controvertido, es una realidad. Lo que sí es cuestionable es la forma en que algunas empresas se endeudan para especular con el precio de Bitcoin.

European football clubs are the biggest example of businesses (most of them are companies) tha have been running for decades with losses! Specially the most successful ones in terms of titles!

when you have real sales and real books it’s hard to justify 1000x evaluations backed by PUFF

https://blossom.primal.net/07156a55e151f0e1aec6d801cbb5728701d2e40111a841f1fadd2caa5b5a3308.gif

or even governments. sometimes they are an institution to/of waste.

depends what you mean by business

send your zaps to this greedy fucker so he can get richer the other stuff are secondary lol

Yes, perpetually low interest rates have allowed zombies

They wouldn’t exist if it weren’t for VCs and investors… cough cough… shit coiner

On what time frame

Isnt it insane?

you’re allowed to make a profit as long as you’re not too good at it

I guess it depends on what type of profit you’re referring to….

In Fiat profit is bad. You’re incentivized to reinvest/spend all revenue to just break even every year with the hope that you can keep growing until ultimately collapse. If you don’t spend, you lose your hrs earned profit over time.

'While a free market economic system is sometimes called a profit system, it is really a profit-and-loss system – and the losses are equally important for the efficiency of the economy, because they tell the manufacturer what to stop producing.' >Sowell, Thomas. Basic Economics: A Citizen's Guide ...