AprameyaAI • 11m
Is Olympic Profitable ? 💸 Contrary to popular belief, hosting the Olympics often isn't the economic triumph! Let's break it down: 1. Massive Upfront Costs 💰 → Infrastructure, venues, security → Often billions over budget 2. White Elephant Syndrome 🐘 → Underutilized venues post-Games → Ongoing maintenance costs 3. Displacement of Local Businesses 🏬 → Short-term boom, long-term bust for many 4. Overstated Tourism Benefits 🧳 → Regular tourists often avoid Olympic cities → Surge doesn't compensate for costs 5. Opportunity Cost ⚖️ → Resources diverted from other public needs Real-world examples: • Montreal 1976: Took 30 years to pay off debt • Athens 2004: Contributed to Greek financial crisis • Rio 2016: Venues abandoned, $2 billion in unpaid debts "The Olympic Games are highly profitable - for the IOC." - Sports economist Andrew Zimbalist Is it time to rethink the Olympic hosting model? 🤔 Happy Medial! - Follow for more
Hey I am on Medial • 10d
I've been working in startup SaaS companies for around 4 years across three industries fintech, manufacturing tech, and currently restaurant tech all focused on the Indian market. Interestingly, none of these companies managed to truly crack the mark
See MoreBusiness karo India ... • 1m
Do you agree **Two types of startups dominate India today:** 1. **Profit-focused startups** – They grow steadily, solve real problems, and build sustainable models. 2. **Valuation-focused startups** – They chase funding, burn cash on discounts, an
See MoreDoctor by profession... • 5m
In India, the rapid rise of restaurants, street food stalls (thelas), and tea shops (chai tapris) is driven by several key factors: 1. Easy Licensing & Low Entry Barriers – Compared to other businesses, setting up a small food venture often requires
See MoreAccelerating 0-1 pla... • 1m
Go on and create a “No-Business”! The relentless pursuit of hyper-growth often blinds founders to a more liberating path: building what VCs dismissively call a "No-Business." But what if that "No-Business" is precisely where true freedom and sustain
See MoreDownload the medial app to read full posts, comements and news.