| That is probably a valid perspective Regardless, There are lots of opportunities to consolidate capital and run your venture SUPER quickly in China. Also as we are comparing China and US, there are plenty of counterpoints that you would probably trivialize as a whataboutism. So instead of that, honestly you should look at US prohibitions as an instruction manual for what you CAN do in China. Nuanced financial stuff you wouldn't have thought of on your own, just written in plain text and available to do in any growing economy Many billionaires are minted there because even things like stock market listing standards are much more liberal. The main country's index being comprised of companies where only 1% of the float is trading, with the other 99% being owned by 1 person. They liquidate, you know. You wouldn't see this on the Nasdaq or S&P. There are plenty of ways to make money from nothing over there, and the barriers of entry are almost impossible in the United States for a working class person with working class friends as you'll never be able to pull off a proper Regulation D offering because nobody can invest in it. You'll never have capital to cover all the bases and scale. You have to spend too much of your life to pull of your one shot, and that has a high failure rate so its back to wage work for you. Whereas the serial entrepreneurs already have a different form of stability and take many shots. Its like playing a game the first time ever and only having 1 life, versus the person that has infinite lives. China doesn't offer any of this in an extremely egalitarian way, but there are multiple extremely high growth regions and service providers that are willing to play ball such that the opportunities are just available. |