WTF Wednesday
So I’m reading about local startups in the BonstonInno newsletter and I read that a “concierge pet service” startup has just secured $2.25 million in funding. And all I can think about is, wow, that’s a LOT of debt for a business that relies on rich people who live in fancy apartment buildings who have pets.
But then again, I think that my mortgage is a lot of debt. But at least I’ll own something once I’ve got the damned thing paid off. Debt for a business goes into payroll and advertising and then what do you have to show for it if the economy tanks and people cut back on luxury services?
But then again, I think that my mortgage is a lot of debt. But at least I’ll own something once I’ve got the damned thing paid off. Debt for a business goes into payroll and advertising and then what do you have to show for it if the economy tanks and people cut back on luxury services?