Yeah, that’s an exaggeration. But the point is, you’re taking on a debt that you owe to a bunch of ordinary people. Not venture capitalists, who are hedging their bets across multiple industries, and always guaranteeing themselves to be successful, as much as the combined powers of lawyers and insider trading can guarantee.
These are individuals, who won’t be getting any return on their investment, other than a product that will eventually, hopefully be worth the price they paid.
As I’ve mentioned, the reason why people would agree to participate in such a system is to try and free ourselves, at least a little bit, from the clutches of the capitalist investors. Asking for people’s money, up front, to fund development of a grassroots, independent product should be seen as something important, to be treated extremely seriously and held in high esteem.
Yeah, that’s an exaggeration. But the point is, you’re taking on a debt that you owe to a bunch of ordinary people. Not venture capitalists, who are hedging their bets across multiple industries, and always guaranteeing themselves to be successful, as much as the combined powers of lawyers and insider trading can guarantee.
These are individuals, who won’t be getting any return on their investment, other than a product that will eventually, hopefully be worth the price they paid.
As I’ve mentioned, the reason why people would agree to participate in such a system is to try and free ourselves, at least a little bit, from the clutches of the capitalist investors. Asking for people’s money, up front, to fund development of a grassroots, independent product should be seen as something important, to be treated extremely seriously and held in high esteem.