.......biotechs and mining startups are the most d
Post# of 9144
(Total Views: 518)
Posted On: 11/30/2017 11:45:35 AM
.......biotechs and mining startups are the most difficult- probably 90% fail-due to toxic financing ,impatience ,partnering w the wrong people /moneymen.
NNLX has avoided those traps so far-give them credit for that. ............
These indeed very true; a tiny tech co is not like a small restaurant started by a famous chef quitting his/her job to start his/her own outfit. A small retail outfit does not need R&D; can start with minimum investment; and has cash flow quickly if the goods (say, food) is in good qualities and easily grows internally without taking debts
To take a crack in a multi-billion important market controlled by a few big boys is very difficult and takes game-changing technologies. The big boys / hedge funds have ample resources and if they cannot swallow you; can hire people to smear the co everyday..........to push down the share price (if a public co); and wait for one to starve, wither and die., or to go BK and take
the technologies at fire-sale price and develop them or shelf them to keep
the dominant market shares. These happen everyday in the sharks-infested
Wall Street !
I did give a actual example one of my retired research scientist friend from Bxxxxxxx told me (note: Bxxxxxxx is the largest non-government R&D co in the world., with headquarter in Columbus, Ohio. Due to the non-profit status it can recruit the cream of research scientists in top US universities with top pay and working conditions. Its customers include many of the largest co in the US & the world. Probably due to its powerful research resources, it is entrusted to manage the largest 7 fed labs.) a very brilliant co worker quitted
his job and put his entire life saving to start a tiny co (and later went public)
with a game-changing tech in a very large market.Long story short : taking
in too much toxic debts, he ended up being forced out and left with only
pennies in the dollar of his life savings / investments and later returned to
to teach in a local major university.
Above just my layman's 2 cents and will not reply to bashers as I have
better things to do in my retired years.
Best regards to BB & NNLX staff & all NNLX investors.
NNLX has avoided those traps so far-give them credit for that. ............
These indeed very true; a tiny tech co is not like a small restaurant started by a famous chef quitting his/her job to start his/her own outfit. A small retail outfit does not need R&D; can start with minimum investment; and has cash flow quickly if the goods (say, food) is in good qualities and easily grows internally without taking debts
To take a crack in a multi-billion important market controlled by a few big boys is very difficult and takes game-changing technologies. The big boys / hedge funds have ample resources and if they cannot swallow you; can hire people to smear the co everyday..........to push down the share price (if a public co); and wait for one to starve, wither and die., or to go BK and take
the technologies at fire-sale price and develop them or shelf them to keep
the dominant market shares. These happen everyday in the sharks-infested
Wall Street !
I did give a actual example one of my retired research scientist friend from Bxxxxxxx told me (note: Bxxxxxxx is the largest non-government R&D co in the world., with headquarter in Columbus, Ohio. Due to the non-profit status it can recruit the cream of research scientists in top US universities with top pay and working conditions. Its customers include many of the largest co in the US & the world. Probably due to its powerful research resources, it is entrusted to manage the largest 7 fed labs.) a very brilliant co worker quitted
his job and put his entire life saving to start a tiny co (and later went public)
with a game-changing tech in a very large market.Long story short : taking
in too much toxic debts, he ended up being forced out and left with only
pennies in the dollar of his life savings / investments and later returned to
to teach in a local major university.
Above just my layman's 2 cents and will not reply to bashers as I have
better things to do in my retired years.
Best regards to BB & NNLX staff & all NNLX investors.
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