News for hackers. Stuff that matters.

A comment on Groups funded by the Koch brothers are campaigning against municipal broadband. Parent comment

Re:Groups funded by the Koch brothers are campaigning agains... by wavefunction on Monday December 18, 2017 @10:10AM (#15952127)
I am trying to point out the ludicrous attempt to apply tech venture capital strategy to starting restaurants.

There is no way anyone is going to open ten restaurants simultaneously, fail at 9 of them and earn 9 million in first-year net profit from the 10th. That's not how opening or operating restaurants works.

[ Parent | on HN ]
Re:Groups funded by the Koch brothers are campaigning agains... by Dylan16807 on Monday December 18, 2017 @12:33PM (#15953407)
Instead one person opens one restaurant and they have a 90% chance of failing. That's so much worse!
[ Parent | on HN ]
Re:Groups funded by the Koch brothers are campaigning agains... by mrunkel on Tuesday December 19, 2017 @01:06AM (#15958132)
I think you have that wrong, 90% of people fail at opening and operating restaurants.

Some folks have a very high success rate.

I think the failure rate I’d restaurants is more tied to the types of folks who open restaurants than the business model.

[ Parent | on HN ]