Predatory pricing catching up with them.
Saved you a click.
Did you ever know that you’re my hero?
And everything I would like to be…
And they’ll still overpay themselves while making consumers and lower employees suffer. Consumers get shittier service and employees get shitty pay, longer hours, more demands…If they don’t get laid off.
Venture investing is the answer to the question of what would happen if you staffed a bank’s loan department with adrenaline junkies.
Well, no. When a bank extends a loan, it knows the upper limit on how much money it can make from that loan. It might make less, if the debtor ends up defaulting on the loan; but it can’t make more.
In venture investing, the upside is unbounded. The company might go to zero, but it might become the next Google; and the venture investor gets to own a fraction of that.
“new research” here translates roughly to “information known for over half a century”.
“Information known for half a century that nevertheless didn’t mean jack squat because it couldn’t be legally explained in such a way that would convince a layman court to break past precedent; but that we’ve now reframed into a compelling interpretation that much more obviously meets the standards required for a court to rule something as ‘predatory pricing’'; thus, any future cases brought are much more likely to succeed.”
tldr: We think we’ve found a way around the technicality VCs have been hiding behind all these years.
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Summary: “oh no, startups are risky”.
