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/biz/ - Business & Finance

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16416024 No.16416024 [Reply] [Original]

So unironically what are the implications on a company like Chainlink when it basically has an endless amount of funding and literally can't go bankrupt for the next 10 years while paying high wages to the whole team? I mean, this company doesn't really provide anything of value yet (it technically does but there's clearly no demand yet) but has funds in the 100,000,000$ range if you account for market reaction and slippage. Can a company like that even produce something efficiently or are the incentives just not there? They don't have to race against the time, they don't have to look at competition and they don't even need to satisfy any customer. I'm allin but I'd like to discuss this aspect and what dynamics might be at play here. To me it seems like Sergey has to have ultra strong mind will power to refrain from overspending because it's just more convenient. For example if an employee doesn't really deliver enough value, there's no real measure for that anyways, but Sergey doesn't have some landlord breathing down his back because the serg is sitting on a fat bag and has always an emergency fund for when it's getting kinda tense.

>> No.16416030

>>16416024
Have you seen Vitalik?
These companies are NEET houses like the ones you dream about.

>> No.16416035

What in the fuck are you even trying to ask?

>> No.16416049

>>16416024
Serg isn't motivated by money

>> No.16416059

>>16416024
there are companies whose survival depends on chainlink starting being used in the next year

>> No.16416071

>>16416035
Big companies flipped every penny to be as efficient as possible and got to their position that way, being very accurate on spending and demanding bang for their bucks in every aspect. Chainlink does not have this incentive, it's basically overfunded and one could compare it to a government program that just gets funding and never gets anything done, employs a shitton of people and is inefficient as fuck. There's no real balance sheet for Chainlink, it could turn out like a government program because market forces don't really apply.

>> No.16416088

>>16416059
Well okay but that's kinda their problem. I guess the only incentive is reputation and good will but who needs that when you have a loaded bank account?

>> No.16416096

>>16416049
I guess this is a point and one could say that he has been kinda rich before he started chainlink (as he was talking about mining in 2013/14 and being interested in ETH early on) but philanthropists don't get shit done generally.

>> No.16416230

>>16416071
You still didn't ask a question.

>> No.16416236

>>16416088
>the only incentive is reputation and good will
I think what you fail to understand is that Sergey and Co are literally in it for the tech

>> No.16416956

>>16416236
no they are scammers

>> No.16417013

>>16416230
OP doesn’t need to ask a question. They’re trying to discuss a business that many of us are invested in. Do you not understand what OP’s talking about?

Also literally the first thing on this thread is the question.

>> No.16417059

>>16416024
This is certainly a concer. It seems like this occurs sometimes in the crowd funding world. For example, Star Citizen was an epic game idea that was aggressively funded. Now the development is pretty stagnant. You could argue that the end goal was to make profit, but they found a shortcut and now they don’t need to make the game.

That being said, when listening to Sergey he doesn’t seem to be motivated by money. And people who are successful because they’re great at building businesses don’t necessarily lose their drive when they become successful.

>> No.16417096
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16417096

>>16416096
You don't understand Sergey. He's not a philanthropist or just another crypto enthusiast working on a hobby project.

Sure, he's rich from getting into crypto early, but how rich really? At best he made tens of millions.
But that's not enough for him. He has that killer drive people like Musk, Bezos, Gates, etc have. He wants to be a billionaire, to be near the top. Any oldfag who's watched him long enough can just see it in his eyes. He has a vision.
You can sure as shit bet he's not fucking around.

>> No.16417100

>>16416024
Perhaps something to track would be the Github and Pivotal Tracker activity. Last I checked (a couple months ago), activity was very strong. That’s the heart of this beast. Not sure if there’s a way to get insight into their financial decisions.

>> No.16417104

>>16417096
This.

>lack of sleep
>been doing this for 6 years


Sergey was deep selected

>> No.16417120

>>16417096
>>16417104
The lack of sleep comment from that recent interview really did it for me.

I genuinely believe Sergey Nazarov will be a household name within 5 years.

>> No.16417133

>>16416049
kek thats why he didnt buy a multimilliondollar penthouse in SF
Oh wait...

>> No.16417156

>>16417133
But is that getting in the way of the success of Chainlink?

>> No.16417319
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16417319

>>16416024
IMAGINE IF SHE SQUIRTED MILK FROM THOSE GARGANTUAN UDDERS INTO YOUR MOUTH

>> No.16417688

>>16417120
Which recent interview? I've been out of the loop for a few weeks

>> No.16418104

>>16416024
congrats you figured out this shits a scam. took you long enough

>> No.16418428

>>16417096
He’s so sexy

>> No.16418540

>>16417133
Source?

>> No.16418543

>>16417096
34 million in funding just for the presale tokens. Sergey owns 300,000,000 tokens which have a market value of ~700,000,000

>> No.16418553

>>16417133
You're just a fudder

>> No.16418564

>>16418543
paper wealth at absolute best. he can't sell any without the price going to 0. also it doesn't say anywhere he personally owns them. the company does.

>> No.16418571

Sergey wants to change the world, that's far more important than anything else. They are working their asses off even though they have no competition. Factor in as well that SC.com wants to own pretty much everything in the "smart contract secure execution" space and also that Chainlink is just the first SC.com product and you realise that the team "slacking off" is the last thing you should be worrying about.
They're trying to take over the world here, and they will probably succeed.

>> No.16418580

>>16418564
And jeff bezos had a paper wealth 100 times sergeys.

There are very few people who own more wealth. Most of the richest business owners just own paper wealth.

>> No.16418766

Fatoshi Snackamoto

>> No.16418854
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16418854

>>16418540