20 Nov 2022 11:35 pm
Cannonpointer » 20 Nov 2022, 9:28 pm » wrote: ↑ Yeah - that's fine as far as it goes. But then there are the shenanigans.
Wall Street needs a widget. They fund a start up, pump the shares, collect the dough, build the widget, crash the corporation, it goes bankrupt, the company that put the shenanigan together takes everything (including the widget) into receivership, the shareholders eat it (but they're all institutional and spread across the board, so it's really just a tax, not the whole farm), and that success goes down as a "failure."
Not saying that happens - or maybe it's a regular occurrence. What do I know? I'm just not buying that 9 in 10 startups go bust.
20% of small businesses fail within 1 year
https://www.lendingtree.com/business/sm ... lure-rate/