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A comment on Billionaires Build. Parent comment

Re:Billionaires Build by refurb on Friday December 04, 2020 @06:59PM (#25310009)
Someone else would have taken his place? You mean another billionaire? But the thought experiment is there would be no billionaires.
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Re:Billionaires Build by chillwaves on Friday December 04, 2020 @09:20PM (#25311041)
Why would a billionaire by necessary?

As mentioned, there are other vehicles to obtain financing. Secondly, when billionaires disappear, their wealth doesn't disappear with them. Not sure what you are asking.

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Re:Billionaires Build by refurb on Friday December 04, 2020 @11:30PM (#25311759)
Because at least for big moonshot ideas, it's much easier for one billionaire to bankroll some crazy idea everyone else thinks is a waste of money.

And even if you could gather the funding, you now have to keep a few dozen investors happy versus just pursuing your idea however you want.

And sure the money doesn't disappear, but would you really expect an Amazon warehouse worker who now makes $70k instead of $35k to be investing in highly risky ventures? I mean, they wouldn't even qualify to invest.

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