Trolling Startups

Once upon a time there was a nephew of an oil baron who was getting a hundred thousand dollars a month in allowance from his uncle. One day he was bored and decided to open a bar downtown just to make himself popular among the local business community.

His business model was terrible. He didn't have an ounce of creativity, but that didn't matter. He didn't have any customers until he started to undercut his neighborhood competitors by seventy five percent. He was able to pump his trust money into the overhead to make up the difference. One day something wonderful happened.

The bars in the neighborhood went out of business and everyone came to his bar. The building owners were hemorrhaging money and finally had to put their properties up for sale that were once occupied by the competitors. The nephew made a phone call to his uncle who immediately bought the other properties.