What is the prevailing theory to explain quantum entanglement? Must there be another dimension we cannot access or measure that is not subject to the laws of relativity? (I understand the laws of relativity break down at the quantum level but please ELI5)
The next time I make the case for accounting to be a required course in high school I'm going to reference to this thread as Exhibit A: Assets & Liabilities Illiteracy.
> If I declare a banana to cost $1,000,000 but you can get it for the low price of $1 with a loan of $999,999 today and that loan gets canceled, does that mean someone else has to pay me the remaining sum?
In this case you are the merchant (university) and the lender, which is not the case with student debt.
Before you make the case that a student can get a gov't backed loan and attend a state university, the other $999,999 has already been disbursed to banana suppliers, equipment, leases, ect. So yes, someone else would have to pay the remaining sum.
His prior company, ConferenceBadge.com, was bootstrapped too [1]. If his prior company was venture backed, I would agree with you. This is a completely new business and target market so I don't think it can be considered an expansion either.
No matter if you think we're in a bubble or if this valuation supports your view that we are in a bubble, at the end of the day we are all losers who have decided to spend our precious time on a Friday night glued to HN.