as is most "startups"

Reply to this note

Please Login to reply.

Discussion

Oh yes... The endless stream of westerners going into major Chinese cities with startups, and they never become a real company... It was quite perplexing until I figured out that there's a industry in making startups and pitching ideas, but following through isn't required

yeah, and there is some who actually are trying... the company i work for is one of these, but they don't have a very good technical vision

but it's precisely what Mises called "malinvestment"