Will_Newsome comments on Optimal Employment - Less Wrong

60 Post author: Louie 31 January 2011 12:50PM

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Comment author: Will_Newsome 01 February 2011 03:18:11AM 5 points [-]

I think small retail is an even better deal than that. Terribly run stores in SF stay in business and well run ones prosper ridiculously.

You mean buying an existing business and running it better or starting a new business entirely? Either way, can 70th percentile instrumental rationalist LW folk realistically raise that kind of capital?

Comment author: MichaelVassar 01 February 2011 03:35:43PM 2 points [-]

Either and 'yep, if they tried at all'. I'll be happy to talk in some detail with people who are actually serious about doing so.

Comment author: Kevin 01 February 2011 03:54:58PM *  0 points [-]

can 70th percentile instrumental rationalist LW folk realistically raise that kind of capital?

Almost definitely yes if they are old enough to have very good credit and are willing to take on the capital as a personally guaranteed loan. You typically don't get startup type investments (where you aren't personally responsible for losses) for starting or buying a small business.