And above all, you have the patience of Job. Starting a new business from scratch is not just about finding a lot of disparate pieces of expertise. It is also about making them fit together. Most new businesses fail. Even in a hot area like telecommunications, success is not guaranteed.
Financial markets know that.
Raising money is not a cinch. Moreover, consumers tend to trust established brands, even ones that are not always perfect. Licenses Businesses come to the FCC daily and ask for licenses. Now, of course, there are hundreds of thousands of FCC licenses. No matter how many we give away or auctions off, businesses want more.