I think stocks are just scams, and this is how I think they came up with the idea:
Entrepreneur: I need some money to grow my company.
Venture Capitalist: Moderate Idea, I want 51% ownership and I will give you $20,000 and my experience.
The Public: Me, Me! I want 0.0000000001% of MxDxxxxxx and I don't care what you do with my money!
And there you have it, people that will give you $20,000,000 for 95% ownership but you can still be in control.
I wish I was on the other side of the table...
Tuesday, October 6, 2009
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