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Here is an idea: Don't take the Saudi money. Don't take any money. Just build it, and ship it. Work a regular job and work on your startup at night.
by codecamper 6y ago
Here is an idea:
Don't take the Saudi money. Don't take any money.
Just build it, and ship it. Work a regular job and work on your startup at night.
Create a product and charge very little for it. Wipe out the competition with a better / cheaper product.
Once you think you are having an effect, short your competitor. Continue to ship your as good or better product for 1/3 the cost.
Take down the world powers.
Just an idea.
- yowlingcat 6y agoI like your style. I may be skeptical about how practical this approach is, but I sure do like the style.
- tachyonbeam 6y agoIt might work for software startups, but for almost any kind of hardware or biotech startup, you're going to need funding.
- mch82 6y agoA key to changing this is to invest in public research universities that release research papers publicly & emphasize reducing the cost of manufacturing & distribution. Another key is to fund nonprofit foundations that act as custodians of science & engineering tech released under open source licenses. Software startups are possible because manufacturing costs have been minimized to near zero & key tech is effectively public domain. Hardware is about 20 years behind the curve, but open hardware licenses are appearing & patents expire quicker than copyrights.
- tachyonbeam 6y agoI would add to that: encouraging people to choose open standards and technologies over closed systems that promote vendor lock-in.