• space_iio
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    19 hours ago

    You seem to not understand the difference between an investment and a loan

    I have applied to a few accelerator programs and haven’t gotten a response

    One thing is to get money in exchange for ownership of the company and the other one is to get money that has to be paid back no matter what

      • space_iio
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        4 hours ago

        Yes I will take marginal amount of risk but no I won’t gamble everything

        Some people get the opportunity to try things risk free, and others need to risk everything so if they fail the consequences are very negative

        • Tja@programming.dev
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          60 minutes ago

          So all you know about investment comes from shark tank or billionaire reality shows from silicon Valley? Millions of people put their life savings in their businesses. If they have success they can retire early or live in a bit more of comfort. Risk free investments are a Hollywood myth.

      • seadoo@lemmy.world
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        17 hours ago

        It’s different kind of risk when failure means you may not eat or become homeless.

        The rich do not incur that kind of risk when they engage in “entrepreneurial-ship”

          • zalgotext@sh.itjust.works
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            12 hours ago

            They were given bootstraps to pull themselves up by, so everyone else should be able to pull themselves up by their bootstraps too!

            • Tja@programming.dev
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              9 hours ago

              My parents were immigrants themselves and I immigrated again to a different country in my 20s. I arrived with a backpack of clothes, an old laptop and money to pay a shared apartment for a few months.

              But cool story you came up with to justify your prejudice.