Ten dollar bills for sale, five bucks each

Good article, but I feel like it took an unnecessary left turn when it switched from really being about the curiosity of people ignoring endlessly accumulating debt (and the fact it has to come from somewhere), and more of a diatribe harping on why gig jobs are bad for people.
I mean, yeah, that's true, but has little t do with the larger problem brought up... what about all of the $10 for $5 companies that are not based on gig jobs? Sort of lost focus.
 
I'm trying to figure out who keeps giving them the $10 knowing they won't get their $10 back down the road.

When you apply for a loan you have to show you can pay it back. What kind of bank says this is a good investment when you haven't profited in X years.
 
jyaks said:
I'm trying to figure out who keeps giving them the $10 knowing they won't get their $10 back down the road.

When you apply for a loan you have to show you can pay it back. What kind of bank says this is a good investment when you haven't profited in X years.
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Read the first couple paragraphs of the article, so I may be going a different direction than the article, but Google Traunch (not tranche) lending. Primarily it's goal oriented lending. What that means is, oh crap, I'm only selling 50,000 $10 bills, but if I want my next cash infusion of $2.5mil I have to sell 100,000, so I'll slash the prices of my $10 to easily reach 100,000...and I justify it because I'm trying to grow my business and that $2.5mil will go to critical heads and equipment and research. Except it doesn't because you have to cover the loss you just incurred, and you really have no way to catch back up. Oversimplification, but applicable to what I read. And then understand all companies are built on an investment bubble...when the company plateaus, that bubble is burst if the company isn't on sure ground and the last one holding the bag takes a bath. Venture capital and business loans are a completely different animal from you trying to get a personal loan or mortgage. If business loans were about proving what the business could pay back, no small business would ever get started.
 
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junkxj said:
Tesla?
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I won't be surprised if Tesla is bankrupt and out of business in the near future.

I'm baffled at why people think Elon Musk is god.
 
drkelly said:
I won't be surprised if Tesla is bankrupt and out of business in the near future.

I'm baffled at why people think Elon Musk is god.
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Has money...check
Has cool toys...check
Has a social media presence...check
Smoked pot with Joe Rogan...check


That's all it really takes these days.
 
Popped up in my LinkedIn feed...Thought this fit appropriately on the ‘how’ do you get people to invest/loan money on something for more than it’s worth category:

Uber has dangled $100 million at Dara Khosrowshahi if he can convince investors, or a buyer, that the company is worth $120 billion

And then if you want a clinic on who suffers when a tech company’s bubble bursts, dig more in to Theranos some time...in 15 years went from $0 to $9 B...b...billion with a B (funny math of course)...back to $0.

From $4.5 Billion To Nothing: Forbes Revises Estimated Net Worth Of Theranos Founder Elizabeth Holmes

Edit...with games like these, it becomes less about investing and more about gambling. Forget about funny things like P&L’s and Balance Sheets or EBITDA and Cash Flow...and focus more on faith and gut instinct and hope. Keep tossing money at it until something good happens and Cross your fingers they start covering the spread before time/money runs out (think: the bank loans you $100k, they own you...they loan you a Billion, you own them...until they run out of money).
 
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UTfball68 said:
Edit...with games like these, it becomes less about investing and more about gambling. Forget about funny things like P&L’s and Balance Sheets or EBITDA and Cash Flow...and focus more on faith and gut instinct and hope. Keep tossing money at it until something good happens and Cross your fingers they start covering the spread before time/money runs out (think: the bank loans you $100k, they own you...they loan you a Billion, you own them...until they run out of money).
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It reminds me of those crazy Icelandic hillclimb races, where guys just balls-to-the-wall try to go straight up a loose-ass dirt silt mountain. You just heavy pedal it and pray to make it up, b/c the fall back down is gonna be a hard ride.
 
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