On 10/20/2020 8:01 PM, jbeattie wrote:

snip

O.K., let's get Andrew onboard and test out your theory. Andrew, start selling all you stock below cost and vanquish your competitors. You will be Walmart in no time. Andre will bankroll you, at least until the Yellow Jersey IPO -- or bankruptcy, whichever comes first.

-- Jay Beattie.

Are you trying to say that Andre's theory of losing money on everything
you sell but making it up on the volume, doesn't work in the real world?

It does work, at least until all your investors tire of pumping in
money. That's when you go IPO and find a lot of clueless small investors
to lose money. The founders often do get rich before the whole thing
collapses.

I was told that one start-up I worked at was a "rocketship to the moon"
by the recruiter. It was a lot of fun, but my stock options were
worthless by the time I could exercise them. But the founders made out
like bandits.

I hope that bike shops enjoy the current boom.