Re:Why people make dumb financial decisions on purpose
by rotexo on Saturday September 03, 2022 @01:12PM
(#32703891)
On a tangent, and I’m just spitballing here, how is this for a business idea. I: have a PhD (which is not to say I’m smart, it is just to say I have been exposed to lots of facts that other people may not have been exposed to), and I have a bunch of ideas that may or may not be good ones, but I’m too risk-averse to act on any of them and start a business. You: have a bunch of money and are open to ideas. So you pay me, say, $100 bucks to just vomit my ideas out during a 15 minute phone call. Like a cheap loot box of ideas, most of which have a low probability of success, but there may be a nugget of gold in there.
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Re:Why people make dumb financial decisions on purpose
by rwmj on Saturday September 03, 2022 @02:58PM
(#32704934)
The thing you learn from start-ups is that ideas are worth nothing. It's execution that matters.
But ... if you were an oracle (religious, not database) who sometimes foretold the future, would there be a marketplace for your ideas? In 2003 if you described a social network would that be valuable information? I tend to think no since there were social networks before Facebook but FB were lucky and executed very well.
Re:Why people make dumb financial decisions on purpose
by pb7 on Sunday September 04, 2022 @05:04AM
(#32711232)
There were plenty of social networks before Facebook with MySpace being the biggest.
Re:Why people make dumb financial decisions on purpose
by rufus_foreman on Saturday September 03, 2022 @03:33PM
(#32705273)
Chris Sacca: Ideas are cheap; execution is everything.