Re:Things to know about raising debt for startups
by b20000 on Wednesday April 20, 2022 @10:15PM
(#31105382)
it is uncertain that the garage sale crap will bring in any money. or your inventory. besides, they discount it 90% anyway.
people do buy and sell small businesses. why is a pizza place worth any money? because of the customer database? but that is IP too, so why does that have value? why do i need to pay 50K for that but the code i spent writing for 15 years has “no value”? even if a FAANG is doing something similar right now but their code sucks?
i have had actual products in the market incorporating IP and the banks still think it is worth zero.
people do buy and sell small businesses. why is a pizza place worth any money? because of the customer database? but that is IP too, so why does that have value? why do i need to pay 50K for that but the code i spent writing for 15 years has “no value”? even if a FAANG is doing something similar right now but their code sucks?
i have had actual products in the market incorporating IP and the banks still think it is worth zero.