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nebula on Feb 10, 2009 | parent | context | favorite | on: How one guy with a 20yo telephone did $30m in dama...

"In a world where even a idiot can start a company, you will eventually end up with companies run by idiots."

Given that market forces determine which companies survive, if we eventually end up with companies run by idiots, it tells something about the rest of us too.

ConradHex on Feb 10, 2009 [–]

Note that the company didn't survive, in part due to this episode.

Also, taking big risks can be very profitable... for a while. It sounds like they were running seat of the pants, and it caught up with them.

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