[ExI] I Miss The King of Extropia

[William Flynn Wallace]

People supplying the money usually can do one of two things: get paid
interest or get ownership. I'm not sure why supplying the money seems to
you to be of no importance to making something great. Those who supply
money are taking a big risk (up to losing all the money they put in) and
making a choice that one project is a good bet compared to their other
options (in other words, money sunk into one project can't be spent on wild
parties;).

Regards,

Dan

The money people are trusting the people who made the company great (or
promise to, in the case of venture).  They are not the ones with the ideas
and I would not let them veto anything except big parties, and occasionally
those too should be held.  I do think we should be very thankful to the
venture capitalists but often they don't know how to evaluate new ideas.
Just look at the wonderful books that were first turned down by, sometimes,
dozens of publishers, before someone who really understood the book bought
it.

bill w

On Fri, Jul 22, 2016 at 11:04 AM, spike <spike66 at att.net> wrote:

>
>
>
>
> *From:* extropy-chat [mailto:extropy-chat-bounces at lists.extropy.org] *On
> Behalf Of *William Flynn Wallace
> *Sent:* Friday, July 22, 2016 8:38 AM
> *To:* ExI chat list <extropy-chat at lists.extropy.org>
> *Subject:* Re: [ExI] I Miss The King of Extropia
>
>
>
> A dollar today is worth more than a dollar tomorrow and you can borrow a
> dollar today at a lower interest rate than at any other time in the history
> of the USA, so I can sure think of a advantage to debt.  ​
>
>
>
>
>
> ​ John K Clark​
>
>
>
> But why not just save?  Why pay any interest?  Not applicable to houses or
> cars, I suppose (except in my case, since I don't buy cars worth more than
> $10k - you are correct - never new cars - depreciation curve -  currently
> own 2002 Lincoln Town Car - wonderful car - you can't get a ride like this
> with the small new cars -  25 mpg highway)
>
>
>
> I would rather a company be owned by the people who made it great, not by
> the people who just supplied money.  They get on the board and maybe direct
> policy in the wrong ways.
>
>
>
> bill w
>
>
>
>
>
> Woohoooo!  Excellent words BillW.
>
>
>
> I drive a 2003 TownCar and loooove that ride, so quiet, excellent stereo.
> Bought it 4 yrs old for a third of its original price, had it 10 years,
> total maintenance cost in that time less than 200 bucks.  Solid, reliable
> as an anvil, engine in there the long way, drive wheels in back, as god and
> Mister Ford intended.
>
>
>
> spike
>
> _______________________________________________
> extropy-chat mailing list
> extropy-chat at lists.extropy.org
> http://lists.extropy.org/mailman/listinfo.cgi/extropy-chat
>
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.extropy.org/pipermail/extropy-chat/attachments/20160722/53490f4d/attachment.html>