Comments by "looseycanon" (@looseycanon) on "How History Works" channel.

  1. You know, what I think happened? The market had changed. Back in the eighties, you could not get the amount of eyeballs on projects so easily and therefore, company actually had to show proper signs of success, if it wanted funding. That has changed. Just look at the train wrecks from the recent past, that got funded, but crashed and burned or are about to. Hyperloop, Tesla, Space X... actually, everything Elon touches... Waterseer, the Titan sub, Energy vault, self filling water bottle, food scanner, Theranos... All projects with basically perfect marketing, in some cases very charismatic CEO, but outright none or at very least questionable substance... And that's only what Thunderf00t busted! There are bad fundamentals. And here we have a guy, who doesn't even have a way to look at fundamentals of a business, because those fundamentals might not even exist yet, just showering these same companies with money. As a result, some of these companies survive, but never deliver on their promises, other times, they outright burn to nothing, because, as in some of the cases mentioned above, they didn't have the physics of what they were selling straight! Back then, if you wanted the attention of those, who had the money, you had to prove your case and give promise, because without it, that promise would not have been believable. The very fact, that you show small profit from what you were doing served as guarantee, that what you're doing is worth while and only needs capital to scale. After that, it's only a case of finding new uses for the things you produce at ever more efficient rates. Ultimately, I think, our guy had even been given the wrong advice and got seriously lucky. I'd say, you should actually look into who has the money, what are the problems, he's willing to pay and what are the implications for the greater society (because that changes the landscape) and you want as rich a guy as possible, with as big need to solve something, that will have minimum impact on society. To illustrate, you'd not want to solve global warming, because it increases water evaporation. No, you'd want to come up with water extraction or generation technologies and sell them to the petromonarchies of the Gulf. That way, you have something to sell, that wouldn't destroy the environment it needs to survive.
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