|
|
|
|
|
by boeingUH60
1192 days ago
|
|
> Roku (who I have never heard of as a consumer) had two Billion USD in cash ? wtf This is arrogant. There are many billion-dollar businesses you haven't heard of, most of them in boring industries. For instance, have you heard of Vitol? Likely not...but they made $279bn in revenue in 2021. https://www.vitol.com/vitol-2021-volumes-and-review/ |
|
Sure it takes decades but this was a startup financed by a small family loan, rather than true venture capital that could more realistically be considered "Other People's Money".
So they get to be private, start their exponential growth from a much more retarded point, and have to leverage other people's pipelines, ships, and barges or it wouldn't work.
Even in a capitalist market, enough strength can sometimes be built without other people's money, that it can be an unfair advantage compared to the capital-bound operators making up the majority of the market itself.
Entrepreneurialism != Capitalism.
With Roku I heard of it here and it turns out I had a pretty good idea about their streaming. But no further interest other than to see how they do financially over the years, as a spectator.
I'm hardly a consumer at all.
So definitely didn't find out about Roku as a consumer.
But before I knew it my brother got one, he consumes that stuff and now I'm more familiar than I wanted to be.
I would actually call it kind of boring myself.