Seems like it’s either easy and so they should get on with it (and it’s undeniably cheap to get started) or it’s much harder than it looks and they don’t really know what they’re talking about.
> Why don't the journalists who know how to run the business pool their resources up and start a business then? What's stopping them? What do they need those venture capital vultures for?
The answer is super simple - because they would starve to death before they managed to start making a profit. Most people don’t have that much savings for a runway.
Someone said ‘move to a lower cost of living area’ but there is no zero cost of living area to move to until you become profitable.
That’s why they need VC.
They’re paid a pittance. They can’t build up any savings.