Comments by "Samson Soturian" (@samsonsoturian6013) on "The Rise And Fall Of Blitzscaling!" video.

  1. No, monopoly is owning ALL businesses. This is more like Roman bread and circus, where in order to achieve scale in a massive economy you must spend a fortune just to get people in the door.
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  2. Ironically, I got a Robinhood add on this...
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  3. Everyone wants to be the alpha...
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  4. "Mom and pop bookstores have almost totally disappeared since Amazon." You're mistaken, most small bookstores get most of their revenue from e-commerce sites. Source: I'm a historian with a literal ton of books.
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  5. A lot of these services aren't worthless
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  6. Not really monopoly, as that's illegal, but economies of scale and global preeminence. I.E. We call them all Uber drivers even though most of them also work for Lyft.
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  7. The make money off paid articles from news sources you must pay for.
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  8. This looks like it was filmed at some random art exhibit
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  9. It ain't that bad
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  10.  @firestarter1888  it's a statistical fact
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  11. Get back in class, kiddo
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  12. Most people aren't as dirty as you, kiddo.
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  13. No one. That is the problem. Adam Neuman of WeWork was still just an amateur landlord with an idea to expand when his wife's rich cousin decided to help her out. The cousin asked how much Adam thought the business was worth, Adam threw out an 8 digit number, the cousin bought 30% of the company based on that number, and future "professional" investors bought in based on previous valuations. Allegedly venture capital and private equity are super-professionals that do ages of research but so many times we see them investing in companies hours after learning their names and/or not knowing basic facts about the company.
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  14. That's silly. You can't ban losing money because hard times happen, and when you're starting any business there's a time between when you start building and when you start making money. I.E. You may take investors to build a railroad, post losses for a year while building it, then post profits when it is operational. Warren Buffet himself said he can't rule out investing in a company with zero revenue, but he rarely buys companies that are losing money because generally the risks outweigh the rewards he says. A lot of the blitzscalers did become profitable, if only slightly. However, a lot of these firms have no intention of becoming profitable and are simply ponzi schemes funded by pyramid schemes. The founders know they will dissolve, but get to spend as much as a decade living the high life until then. The initial investors don't care, they just want to scale up the business so they can dump their share at a profit on the open market. Identifying and avoiding these idiots is an effective way to get money.
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  15. Sometimes it is, sometimes it's just the community setting up a new service.
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  16. It's a Ponzi scheme and are quite the norm in the shittier parts of Asia. Most of these blitzscalers follow sin-a-little economics where they are almost Ponzi schemes and hide most of the risk with equity loans that have no specified payment dates. This is how handfuls of allegedly genius businessmen rise to the top including Bill Gates and Jeff Bazos, but most fail
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  17. Not necessarily
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  18. @catriona_drummond  except Uber never had a monopoly and currently runs on razor thin margins. Ever heard of Lyft?
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  19. @catriona_drummond  put that back up your butt where you got it. They're still going good. You seem to think economics is a battle for dominance, which is why you will never succeed at business
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  20. @catriona_drummond  you know oddly random facts but ignore basic facts, which makes me think you are lying and not simply ignorant. Clearly oil giants are not cash burn compsnies like unicorns, crypto, and tech startups.
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  21. Lying isn't necessary in this instance.
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  22. Not necessarily. But everyone wants to run a fortune 500 company and doesn't care how many VC idiots they need to screw over to get there. Likewise, VCs are just predatory lenders who think they can have the next Bill Gates in their pocket by lending him money early.
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  23. Not as fast as the rising number of billion dollar firms.
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  24. Well, they had the right idea to sell tickets at a discount to get theatres and customers in the door, it's just the size of the discount was ridiculous.
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  25. Vhut?
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  26. Who is they? And this isn't exactly a problem. On the one hand, the community can set up new services quickly and there's no barrier for men of modest means to rise to the top. On the other hand, a lot of weirdness results from ventures that could never be profitable.
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