this post was submitted on 29 Apr 2024
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What's the point of doing business? (lemmygrad.ml)
submitted 6 months ago* (last edited 6 months ago) by VeganicTankie@lemmygrad.ml to c/comradeship@lemmygrad.ml
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Why bother making startups when I can just invest in shares&crypto and make my usual 1-2% per year? Capitalism "breeds innovation" but most startups are really just "make toilet paper a subscription" or "buy from China/USA/Germany and resell". There are few startups based on actual scientific advancements.

Yes, I'm asking about investing while I'm broke

EDIT: 5% was an exaggeration

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[–] bennieandthez@lemmygrad.ml 9 points 6 months ago

The point of business is the process of putting others people money into your pocket, ideally you provide an use-value, but nowadays most startups end game is to "dump" their "idea" to a dumbass investor.