Jason Rines (iThinkBig)

Is U.S. Debt Losing Creditworthiness?

The US seems to be entering a period like the British Empire did after WWII, loaded up to it's eyeballs in debt and losing the international monetary peg advantage it held for decades if not centuries. The Brits nationalized and it took Margret Thatcher to privatize it 30 years later. The USA has far more natural resources, communications and military dominance then Britain had. THE USA would do such within a five year span, but this of course depends on Washington.

Pain creates necessity and productivity. Necessity is the mother of all invention and the USA is a wonderful culture of ingenuity. We have just not seen much in the last few years as trillions of paper deals by power brokers tied into Washington squeezed out true innovation and entrepenuarial spirit.

I know this because I was trying to raise money these last couple of years. No, I did not want or need $30M-$50M in investment and dillute equity and retain a small sliver for a fat salary. I am old school, love skin in the game and all or nothing play. But if you needed less then the sums I mentioned for an early stage or start-up, forget it. The market did not want to hear it or you gave up 51% equity to an angel for even if you had a proven revenue stream and business model.