▲ | 9rx 2 days ago | |||||||
> You need warehouses, logistics, and all sorts of other fixed costs that exist before you can start recouping your investment. That type of business is rarely appealing to VCs. VCs seek rapid growth and quick exits. Warehouses are the antithesis of that. Hard to scale and even harder to sell. It is an investible business for the right type of investor, but VCs and investors are not synonymous. > once it's past the threshold where noise no longer dominates. You are technically correct here, but we're clearly talking about the stage before you've already overcome the noise floor. > Plausible Analytics They claim to be self-funded — in other words, acting as their own VCs. Which is all well and good when you're already rich, but if you're already rich (and not looking to get richer) why not just hire a concierge/matchmaker? What do you need a poor man's app for? | ||||||||
▲ | wizzwizz4 2 days ago | parent [-] | |||||||
You don't need to be rich to fund your own digital service business, if the only costs (while you're small) are a server and your own time. You merely need to be not poor. There are many people unable to do that, but people with the time to post on Hacker News probably have the time to start a business. There are plenty of logistical barriers other than access to money, that prevent people from starting businesses. All these barriers can be overcome by being rich, but that's not the only way they can be overcome. Collectively, we can call these ways-to-overcome-barriers "privilege" (to crib from the language of academic feminism). | ||||||||
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