Hacker News new | ask | show | jobs
by dzonga 2129 days ago
don't know why people are down-voting you. but a simple case would be if people look at weWork's founder. adam simply borrowed money from the bank using weWork shares as collateral. then he used the borrowed money to buy more buildings, lease the buildings back to weWork. weWork valuation goes up. then borrows more money from the bank. that's the modern economy these days. and yeah if you ain't moneyed you can't compete. selling widgets ain't enough.