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Comment by xnull2guest

How you start a (tech) company in America:

* Move to the valley.

* Come up with a really good idea. Or at least a gimmick that will be a fad for a time.

* Find a generous person from the upper echelons of the wealth distribution (or a club of them) who have enough money to fund your idea or gimmick.

* Make a deal with them so that your business becomes part of their diversified portfolio. The risk to them is hedged by being broadly invested. The risk to you is a real ultimatum of your time.

* Work tirelessly and thanklessly. If you do succeed you will give a large part of your company, and many times control, to your patrons.

* Furthermore, because you've waited as long as possible to IPO all of the initial growth to launch your business into 9 or even ten digit figures has been captured by the upper class - the common man never had a real chance to invest in your idea.

* That's okay though, the common man probably isn't paying you with dollars anyhow. You're probably collecting his data for sale and for advertisement (or rather partnering with a company that does for you).

parent xnull2guest 12 years ago

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