[portland] Cubespace to close unless buyer found...
python at dylanreinhardt.com
Sat May 23 02:42:01 CEST 2009
On Fri, May 22, 2009 at 5:18 PM, kirby urner <kirby.urner at gmail.com> wrote:
> The thing is banks are supposed to be more than just additional
> commercial landlords who mindlessly collect rent but do nothing to
> trail-blaze new business opportunities that actually help generate
> those incomes needed to pay that rent.
Whether your landlord is a bank or your buddy Dave down the street, you have
to pay the rent. Failing to pay people (even banks) what you owe them is
neither a sustainable nor a particularly moral business model.
A bank's role isn't to blaze business opportunities per se, but to make
capital available to those who have the vision and energy to give it a try.
Part of keeping that capital available for new projects involves collecting
payments from old projects. By court order, if necessary.
Not every good idea for an organization succeeds as an actual organization.
Cube Space may still be an excellent idea, even if this particular execution
does not survive. Blaming banks is not going to help us learn how to do it
better next time.
For what that's worth...
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