I think small retail is an even better deal than that. Terribly run stores in SF stay in business and well run ones prosper ridiculously.
You mean buying an existing business and running it better or starting a new business entirely? Either way, can 70th percentile instrumental rationalist LW folk realistically raise that kind of capital?
can 70th percentile instrumental rationalist LW folk realistically raise that kind of capital?
Almost definitely yes if they are old enough to have very good credit and are willing to take on the capital as a personally guaranteed loan. You typically don’t get startup type investments (where you aren’t personally responsible for losses) for starting or buying a small business.
You mean buying an existing business and running it better or starting a new business entirely? Either way, can 70th percentile instrumental rationalist LW folk realistically raise that kind of capital?
Either and ‘yep, if they tried at all’. I’ll be happy to talk in some detail with people who are actually serious about doing so.
Almost definitely yes if they are old enough to have very good credit and are willing to take on the capital as a personally guaranteed loan. You typically don’t get startup type investments (where you aren’t personally responsible for losses) for starting or buying a small business.