When an American company, or frankly Canadian for that matter, gets investors and does a startup. Let's say they put up $10 million bucks or whatever. As soon as it gets to a run rate of five million annually, almost 100% of the time it gets knocked off i
When an American company, or frankly Canadian for that matter, gets investors and does a startup. Let's say they put up $10 million bucks or whatever. As soon as it gets to a run rate of five million annually, almost 100% of the time it gets knocked off in China. The company has to recoup the $10 million that it made, let's say in R&D. The Chinese don't so they knock it off and they reintroduce it into the American and Canadian and Mexican market and European market too at 30% to 40% off of the price you're selling it at because they don't have to recoup anything. They're just making pure margin. They have no R&D to recover. This happens thousands of times and there's no recourse.
Mr. Wonderful
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