It's a strange age to be living in. On the same day I've visited people in a WeWork, been driven around in an Uber, and had food delivered by Deliveroo.
All of them blowing a huge load of money for the privilege.
If they don't make back this money, it will represent a huge waste of resources.
It's private money behind, but I still wonder whether this a reasonable way for the economy to run.
For one, it means the little guy can't compete. Only people with deep pockets. And they might not be the most competent.
For the investors it means selling a dream of profits, but not profitable businesses. You make more out of convincing someone your OD empire will succeed than making it do so.
I wonder what would happen if there was a rule that you could only resell equity in a business whose financials had improved recently.
All of them blowing a huge load of money for the privilege.
If they don't make back this money, it will represent a huge waste of resources.
It's private money behind, but I still wonder whether this a reasonable way for the economy to run.
For one, it means the little guy can't compete. Only people with deep pockets. And they might not be the most competent.
For the investors it means selling a dream of profits, but not profitable businesses. You make more out of convincing someone your OD empire will succeed than making it do so.
I wonder what would happen if there was a rule that you could only resell equity in a business whose financials had improved recently.