Venture Capital is needed to establish a ponzi-scheme like escalation in value. Multiple parties agree over a period of time that the company has increased in

Venture Capital is needed to establish a ponzi-scheme like escalation in value. Multiple parties agree over a period of time that the company has increased in value, the most recent party making it true by handing over some money at the largest valuation. No less than Steve Blank puts forth this idea: http://www.inc.com/zoe-henry/steve-blank-tech-bubble-burst-ponzi-scheme.html http://www.inc.com/zoe-henry/steve-blank-tech-bubble-burst-p...