Secret Asshole
Expert in things that never, ever happened
Forum Staff
⚡ Thunderdomer ⚡
True & Honest Fan
kiwifarms.net
- Joined
- Jan 18, 2017
Its not about that, its about over-promising and under building to get capital. Paridoxically, he would have gotten less investors with this buisness model because everyone is obsessed with this stupid bullshit of huge ideas that will be 'disruptive'.The sub had several successful ventures before its catastrophic failure, if Stockton had retired earlier and sold his company to someone else he would be considered a successful business-savvy genius and we would all look up to him.
This is a really good article that explains this mentality. None of this shit that's invested in is designed to do anything but be bought by someone bigger, its literally every start up I've ever heard of. Even with family members who work for start-ups, I've asked them and their response is 'they just want someone to buy them'. It is not about making a product.Edit: good article on how the grifting, reckless startup mentality may have played into this.
https://wheresyoured.at/p/broken-things