Fast growth for growth sake expectations comes from jackpot seekers. I can see how loans are a justified way to get over that “first unit” hump. But if you have even a few actors like Uber that grow to big size fast and run at a loss, actors that prove their economic viability step by step can’t really exist. Consumers end up having the product cheaper than it can be produced and loaners (or whoever ends up being the sucker in stock poker) end up paying for it.
It seems very worrying if the “Does it make money?” is so fundamentally skippable that it is not worth considering. A worker that has found an activity they feel is meaningful and pays for their living is not in a big hurry to transmute it to another kind of activity, althought an attitude that a craft picked up should be developed exists.
The nice thing about loaners losing money on unprofitable businesses is that it’s a self-correcting problem to some degree—those loaners can only lose all their money once! And if consumers get part of that money, it’s effectively a charity.
Sometimes it seems like investors might not even consider whether their investments will make money, but most of the ones who last very long do care.
Fast growth for growth sake expectations comes from jackpot seekers. I can see how loans are a justified way to get over that “first unit” hump. But if you have even a few actors like Uber that grow to big size fast and run at a loss, actors that prove their economic viability step by step can’t really exist. Consumers end up having the product cheaper than it can be produced and loaners (or whoever ends up being the sucker in stock poker) end up paying for it.
It seems very worrying if the “Does it make money?” is so fundamentally skippable that it is not worth considering. A worker that has found an activity they feel is meaningful and pays for their living is not in a big hurry to transmute it to another kind of activity, althought an attitude that a craft picked up should be developed exists.
The nice thing about loaners losing money on unprofitable businesses is that it’s a self-correcting problem to some degree—those loaners can only lose all their money once! And if consumers get part of that money, it’s effectively a charity.
Sometimes it seems like investors might not even consider whether their investments will make money, but most of the ones who last very long do care.