MelonBread.dev

MelonBread.dev

300K is a small business loan :-P

@Moon Who is bottom left?

@lanodan warren buffet, a famous investor.

@Moon What about Steve Jobs? Why do we never see Steve Jobs in these things?

@SpudsRudeEye he was adopted and really did start his business in a garage.

@Moon these memes are made by people who think starting a business is only possible if you are ultra-rich or have 'powerful friends'

@SpudsRudeEye I just googled it though and Apple incorporated in 1977 when they got a 250KUSD line of credit in exchange for a third of Apple stock. I ran it through an inflation calculator, that is more than a million dollars now. So I guess either Steve Jobs belongs on that list or Jeff Bezos doesn't.

@Moon @SpudsRudeEye Same reason you don't see Dave Thomas (founder of Wendys) in these was adopted and came from little to nothing.
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@lain @Moon You can bootstrap a business without a ton of capital but growing one profitable enough that you end up a billionaire down the road probably will need some very good capital right from the start.

@lanodan @lain Jobs and Gates were in the right place at the right time. That was more important than how much money they had to start with. It still was not inherently their greatness, but they were able to capitalize on it.

@Moon @lain Yeah, you don't just need capital for things to work out.
A bit like how you don't just need fuel to drive a car.

@Moon Billy G. also turned around, and exploited the fact that IBM didn't lock his company in with an exclusivity agreement, and fucked them over - if anyone needed to know what kind of person this "generous philanthropist" was/is

@Moon Privileged Mom gets friend to help her son out - son betrays Mom's friend, in order to build the most profitable company in the world.

@fcktheworld587 Nobody's saying the guys were moral, I guess somebody was saying they were self-made though.

@Moon
like full 10 years salary?

@shmibs If you're starting a business it's a average-sized loan though.

@lanodan @Moon especially for software companies this doesn't seem true. Of course 99.999% of companies won't become a billion dollar business, but it's possible. notch made a billion dollar business out of one java game.

@Moon
how do you take out a loan that large without existential terror?

@shmibs In Arizona the average home mortgage amount is $203,000.

@shmibs that's a 30 year term though so it's not quite the same, a business loan I think is like 10 years or less. But the amount is comparable.

@Moon
yeh, and who's buying homes?

@shmibs I am being careful to limit what I am saying is possible. I'm only saying that, 300K to start a business doesn't make you mr. moneybags, it's within the reach of a middle-class striver.

@Moon
don't know people not from internet who are able to buy house ._.

@shmibs Well, I can't afford a house right now either and I'm doing ok.

@Moon pinkwojak nooooo having a business plan that gets people to lend you money is not fair

@shmibs @Moon this wasn't a loan, it was an investment, you don't need to pay it back if you fail, but they own part of your company so get a lot of return if you are successful. I suppose it worked out for them.

@lain @Moon
isn't that "have 'powerful friends' " then?

@shmibs @Moon no, that's having investors. that's how businesses get started.

@lain @Moon
どう違うの?

@shmibs @Moon they usually aren't your friends. they invest in your business to get a good return, not to help you.

@lain @shmibs knowing people does help though!

@Moon @shmibs of course, like with everything in life.

@lain @Moon
mmm, "convince rich people to give you money" sounds like "have friends in rich-people-circles" -> "get the rich people to approve of you"...

@shmibs @Moon i really don't know what to tell you. Normal people start businesses and get investments all the time without being best buddies with billionaires.

@Moon Imagine what the fedi could do with 300k @dsfgs

@zleap
Didn't Facebook get their start by people creating accounts for there friends?

Maybe people on Fedi are too ethical to do that but that's what we need to do.

Everyone who produces 7 accounts for ⁷ friends and family gets $100. Then $20 for each person that is actually onboarded as a result.
@Moon

@lain @Moon The only thing that's stopping the little guys is the rich guys using THE GOVERNMENT to squash them. That's not capitalism. Real capitalism has not been tried. ancap

@xianc78 @lain @Moon At this point I'm seriously leaning towards abandoning the term "capitalism", since it oesn't seem to have a single set definition, and may very well have been invented to describe something other than a free market. The only reason I'm hesitant is that I don't want to concede the power of definition to commies....