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/biz/ - Business & Finance

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15966697 No.15966697 [Reply] [Original]

>research and gain knowledge about different cryptos
>start an LLC
>move to an area with cheap electricity
>gain venture capital to start company
>buy equitment and rent a warehouse or something
>mine crypto, sell of when ideal

Outcome A:
>Company becomes successful and profitable, sell it off at some point and use returns to invest in more traditional investments for safe passive returns.

Outcome B:
>company goes in horrible debt, since its an LLC the debt is not linked to my personal value. I wipe my hands clean of the company through bankruptcy and the venture capitalist lose money, which they're probably used to.

I feel like this is a good idea, but maybe im not knowledgeable enough to know how bad it is. would love for someone to poke holes in it.

>> No.15966705

>>15966697
right, but why would a vc firm invest in a cumbrain neet with no college education

>> No.15966724

>>15966705
Put a black woman "in charge".
They will line up to virtue signal.

>> No.15966726

>>15966705
Well
1. Im not a NEET, i've used to working 40 hours a week.
2. i plan on going back to school and finishing a 4 year degree in CS, so there some validity

Would this be a good idea one i finish college?

>> No.15966733

Thats a trap

>> No.15966736

>>15966705
B/c he read on 4channel about what a crypto iz

>> No.15966747
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15966747

>>15966733

>> No.15966752

>>15966736
Im not a typical 4chan neet.

So your telling this plan COULD work, i just need to be more of a sell to a venture capitalist? What traits would make me more desirable?

I was thinking about laying out a solid business plan, going through the numbers, and demonstrating the guaranteed profitability in this hypothetical company.

>> No.15966919

>>15966697
bump

>> No.15966991

>>15966697
>>research and gain knowledge about different cryptos

Read /biz, learn nothing.

>>start an LLC

Low bar to reach, they're sold cheaply on the internet. LLC doesn't really mean much.

>>move to an area with cheap electricity

This is where the "just make shit up" part starts.

>>gain venture capital to start company

And then plant money trees, because both are about as likely to happen for you.

>>buy equitment and rent a warehouse or something

Literally the "????" part of your South Park underpants gnomes business plan.

>>mine crypto, sell of when ideal

Aaaaand, the retard is revealed. Go mow the lawn like dad told you, 12 year old. Mining crypto in the first world has been a non-starter for quite a while now, no venture capital is going to throw money at your "buy a warehouse or something' plan, and you're a fucking idiot. Lawn. Mow. Go.

>> No.15967010

>>15966752
>i just need to be more of a sell to a venture capitalist?
What you need is to not be illiterate, and learn to speak English properly. You're either a kid, or a poo, and either way, you're incredibly naive and dumb.

>> No.15967052

Taking VC money is to cuck yourself. Take out surety bonds. Don't be a retard.

>> No.15967131

>>15967052
This dumbfuck getting a surety bond is less likely than getting VC cash. I know /biz is mostly magic thinking and 'just do something" type lazy shitposting, but this is just getting sad.

>> No.15967185

>>15966991
>Read /biz, learn nothing.
i literally never read /biz/, i would do research elsewhere
>This is where the "just make shit up" part starts.

How is this "making shit up"? Since the ongoing cost of mining crpyto currencies would be leasing a building and the cost of electricity, finding somewhere with cheap electricity would help make the company more profitable.

>Literally the "????" part of your South Park underpants gnomes business plan.

To mine crypto currency you need 1. computers mining said currency and 2. somewhere to store said computers. i would probably lease a warehouse/office/some kind of space to hold said computer


Im not trying to say its super simple, or that im 100% knowledgeable on what do specifically. What im laying out is a rough outline as to what i wanna do. What would you recommend i need to change/do to make this plan work?

>> No.15967195

>>15967010
>What you need is to not be illiterate, and learn to speak English properly.

but i literally already can do both.

I guess this is what happens when you go to 4chan, just shitposting and nonsense.

>> No.15967290

>>15967185
>What would you recommend i need to change/do to make this plan work?
Go mow the lawn like your dad said to.

>> No.15967305
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15967305

>>15967290
>shitpost
i remember when /biz/ was good

>> No.15967352

>>15966697
final bump

>> No.15967603

>>15966697
>since its an LLC the debt is not linked to my personal value.

That's not how it works. the banks and loan dealers come after you since they need a co-signer

>> No.15967613

>>15966697
yeah mining crypto stopped being profitable in 2013