Re:Deadspin Staffers Are Quitting
by chrisseaton on Thursday October 31, 2019 @12:08AM
(#21405679)
The original question was this
> 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.
Re:Deadspin Staffers Are Quitting
by manigandham on Thursday October 31, 2019 @12:19AM
(#21405718)
This is the same situation that the vast majority of entrepreneurs are in and they make it work. What is so special about journalists that they always need special rules or consideration?
Re:Deadspin Staffers Are Quitting
by chrisseaton on Thursday October 31, 2019 @08:27AM
(#21407953)
> What is so special about journalists
They’re paid a pittance. They can’t build up any savings.
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.