30
What's the point of doing business?
(lemmygrad.ml)
submitted
4 months ago* (last edited 4 months ago)
by
VeganicTankie@lemmygrad.ml
to
c/comradeship@lemmygrad.ml
Why bother making startups when I can just invest in shares&crypto and make my usual 1-2% per year? Capitalism "breeds innovation" but most startups are really just "make toilet paper a subscription" or "buy from China/USA/Germany and resell". There are few startups based on actual scientific advancements.
Yes, I'm asking about investing while I'm broke
EDIT: 5% was an exaggeration
Ideally, (your) business provides something for your community that they otherwise would not get or not get enough of. You should use your own strengths and interests, because otherwise whatever you do will be mediocre and you'd quickly hate the work. If everything goes well, you get to hire people from your community; so you're not only providing them with your product/service, but also with income. Good business is geared toward long term operation, and works even despite competition.
Starting a business does not make it a startup. The only purpose of a startup is to grow as fast as possible, with as much outside capital as needed, at whatever cost. Usually it follows the process of enshitification: First be good to customers, then be good to sellers, and once you captured the majority of the market it's time to fuck everyone over. That's venture capital for you, in a nutshell.
Regarding investing: Feel free to park some of your money in an ETF if you must. Searching for "the next great thing" is likely a waste of time.