I still don't understand the greed of venture capitalist. For example: Patreon has received around 100 million in investment from venture capitalist, and only recently has Patreon started to give proper returns (they provided transactions of 500 million dollars in previous years and expect to do 500 million dollars in 2019 alone - that's some serious exponential growth). Out of that 1 billion, their cut is 50 million, so for 2019 alone 25 million bucks and I would expect 2020 would be much larger than that if exponential growth would continue.

Yet, suddenly the venture capitalist want their money back ASAP and getting 25 million bucks per year out of 100 million investment is just not enough.

Banks are the Atlas of our economy

I'd **KILL** people for that interest rate.

Wealth has to be produced

The investors are probably going to crash Patreon, leading to investors going to lick their wounds when their excessive greed has pushed Patreon to a multi-channel network model that is highly unpopular.

Then other companies can take over

Economic power can only be held b voluntary means

Which is a good thing. I'm going to laugh when Patreon crashes. And the venture capitalists would also be at the suffering end.

Actually... maybe the venture capitalists aren't in the suffering end if they aren't basically purchasing a part of the company but just provide high-interest loans. Except of course if they drive Patreon to bankruptcy before they get their money out. And they'd get their money out if the granted extra time to pay it out, but since there's many loan givers, one choosing to extend it would only mean the other vultures would get their money and the ones extending might be left to lick their fingers.

I'm curious what sort of agreements those investors have come up with Patreon. And why did Patreon take so much money when they are just in transaction business, and most of marketing of Patreon has been done memetically by Patreon's customers (because otherwise they wouldn't get pledges). How did they waste so many millions of dollars?

Is it perhaps just lefty California hipsters not being, perhaps, the best people to handle money to begin with?

I dont know

Silicon valley is great though

Silicommie Valley

https://nichegamer.com/2019/02/13/discord-bans-underage-furry-cub-porn/ Also

Venture capitalists are gamblers

Finally

They make investments on a large number of companies and expect one to pay off several times while all others produce a loss.

We did it gaymers

After it took plenty of persuasion from YouTubers with influence to get off their dumb asses

@Blackhawk342 to be fair, is that different than most R&D work?

Nah, R&D is kinda like playing hide and seek while the seeker is blindfolded

Any economists or people in finance here? Wondering if any of you have thoughts on the relatively new "Modern Monetary Theory" and the increasing US government debt relative to the relatively stable worth of the US dollar.

MMT is the economics of agenda 21

can anyone explain to me how it makes sense? I watched a couple videos about it, and it really seems like they're advocating for countries to just print money for their social programs.

It doesn't make sense. It's commie propaganda.

https://youtu.be/Ptu2R-CM6Mo

If you're not listening to Tom Woods regularly, *you're wrong.*

Who's thaaat

some historian dude with a podcast?

he looks like a potato

@Pendell Stefan Molyneux wishes he could be this guy

i'm enjoying it so far

gotta go to sleep though. continuing later.

@Aero I just listened to this one today, and honestly anyone who's to the Right of Tim Pool should listen to this one. Probably the best one for normies I've heard.
Also, Sargon of Akkad as well. It makes his argument about individualism vs collectivism seem autistic lol
https://www.youtube.com/watch?v=OPLsAc55UaY

Sargon calling himself an individualist is inconsistent with also supporting the social contract.

i'll check out more of his stuff. tbh, i'm currently mainly interested in this "MMT", which appears to have come out from left field. When I hear "print money as you want", I immediately get a bit concerned... and this stuff is being taught in colleges ffs! (i haven't really been paying attention to the development of this brain cancer... only just found it yesterday)

@halfthink If you watched my video link, you would realize you and sargon are both wrong lol

i'm of the opinion that you can be both an individualist and support a social contract, unless we get into 'purity tests'. just like how a capitalist can like *some* social programs.

what do i know though. ill watch your vid tomorrow fitzydog