I’m beginning to think lack of capital is not really a factor stopping people from doing the things they feel they were meant to. Most people don’t have capital-intensive imaginations.
If you give most people a lump sum the best idea they’d likely come up with is buying a house.
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What about microloans?
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Developing world is different yeah.
Not counting student loans, most people seem to want to do things that only require living expenses to sustain
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Can confirm this experimentally. I asked 300+ uber/lyft drivers what they would do with $100m and "buy a house" was literally the #1 thing they said.
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I fell into this category six years ago. now I have two separate uses for large infusion of capital but on the path to providing it myself ideally. doubt I'd receive a reasonable valuation at the moment because most investors don't have the specific context I have
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This is why I'm a basic income crackpot. Give people a livable basic income, health insurance, and access to education and they will find something worth doing.
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Are you *trying* to troll people?
First thing starving people would buy is food. Does that mean they have a limited imagination?
And there are many unaccounted for risk-management benefits for not always going for "photogenic mega-innovations" and instead for social elements.
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In the first world, maybe.
In the third world there is lots of low hanging fruit that requires more capital than imagination. Open (or expand) a grocery store, buy (additional) cattle, buy equipment for your job (bike, chainsaw, laptop computer)
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