3 ms·

Anyone else thinking money laundering? Or at least tax... um... planning?

• stuntkite 8y ago
  I’ve been involved in two startups that were funded as pet projects by billionaires that I swear were designed to fail. I’ve read about tax dodge record labels from the 70s. It really looked like this was the goal in both situations. Hemmoraging cash, pivots seemingly designed to avoid success, strong focus on the appearance of work and numbers on the butts in chairs. I can’t prove anything and left both operations after 8 months per. I just focused on using the dental insurance and improving my personal skill set, so neither was a loss for me.
  • itronitron 8y ago
    sounds like a clueless narcissist would be an ideal founder at such a startup
• duxup 8y ago
  How would that work though? You'd have to funnel a lot of money straight through the company that didn't get eaten by real costs.... a startup with huge B2B costs or something would be kinda obvious and the money would have to sort of come out on the other end somehow back to the folks laundering it through another entity or something.... seems like an odd choice, or at least one where the real cost of running a real start up would be prohibitive.