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You are doing God's work, my friend. I really appreciate your thoughtfulness about this. Hopefully you have had some influence in getting these other founders t
by Stratoscope 9y ago
You are doing God's work, my friend. I really appreciate your thoughtfulness about this. Hopefully you have had some influence in getting these other founders to look more closely at their plans.
The same thing can happen with people you know well. Several years ago, my closest friend, an older gentleman retired and living on social security and his wife's income, got into a notorious MLM scam called Photomax.
Their pitch was that for only $50/month, they would store all your photo files in a secure facility, and would even allow you to order prints at extra cost.
But wait! There's more! The $50/month didn't just buy you photo storage, you would have the opportunity to sell this service to all of your friends and start making big money on your downline.
Of course they also provided sales training. One day he invited me to eavesdrop on one of their training calls, where he and his cohort listened on a conference call while their upline cold-called potential suck^H^H^H^Hprospects.
Of course none of these calls went well. But why let reality stop you? My friend decided that to really succeed, he needed their advanced training, which would only cost $10,000.
As gently as I could, I tried to explain that this exact same service was available from multiple providers such as Flickr, SmugMug, 500px, etc. either for free or for a tenth the cost of Photomax, and this smelled very much like a scam to me.
He said, "Mike, you're just being negative!"
We remained friends, but I was sad to see him throw away that $10,000 and all the time he put into this.