Live data from Hacker News

No one cared about my spreadsheets

econlib.org

411–413 of 413 posts

Re: No one cared about my spreadsheets

#411

Earlier quoted context omitted.

> when education is subsidized, you're implicitly making the decision that it's more important to pay for that education than to pay for e.g. more help for the homeless, Not everywhere. Next to no homeless people here in Scandinavia yet education is universally available at almost no cost to the student. The US is richer both in absolute terms and per capita so lack of money is presumably not the reason for the diffe…

> Next to no homeless people here in Scandinavia Hmm I wonder why such a cold and rich region has no homeless people...

Per capita wealth is greater in the US and large parts of the US are considerably colder with much worse weather in the winter.

Re: No one cared about my spreadsheets

#412
post #93

Earlier quoted context omitted.

I once spent a long time building a pretty detailed pro forma model to raise money for a brick and mortar business in a spreadsheet. It was beautifully formatted, comprehensive, and appeared convincing. I patted myself on the back for training myself as an investment banker in 3 months. I showed it to an i-banker friend that I respected. He barely glanced at the spreadsheet, but offered one thing: "It's not about how…

Your spreadsheets look nice! I think if I was a banker I would be thinking "okay but what if no one shows up and wants to buy". All the spreadsheets say is that you will lose at least $140k (probably more if you didn't include everything or were too optimistic) per month if and until you got some solid sales coming in. So the bankers are just asking themself if they want you are the type of person worth losing $200k…

Ah. The context is I was just showing it to my friend for feedback; the plan was to raise capital from HNWIs and "angel" investors.

I use "angel" in quotes here because this was intended to be a cashflow business, not a high-growth company.

Post reply on HN