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Ponzi schemes don't produce anything of value, like amazing supercars that cost <$50k. (I'm biased) By that same logic, any Y Combinator "unicorn" startup is a

Ponzi schemes don't produce anything of value, like amazing supercars that cost <$50k. (I'm biased) By that same logic, any Y Combinator "unicorn" startup is a ponzi scheme. Overvalued, unrealistic investor expectations. Granted, this SolarCity deal was definitely not in Tesla's best interest... having chatted with a former engineer there who left because of their dysfunction.

xkjkls 7y ago
Most Ponzi schemes usually do produce something of value for those who cash out early enough. I'm not saying the comparison is apt though.
- kelnos 7y ago
  Do they, though? My impression was that most Ponzi schemes generate cash for early participants by paying them with cash infusions from later participants. Nothing of value is created there; it's just taking money from suckers and giving it to unethical speculators.
  - xkjkls 7y ago
    That's still value for the early investors.
    - kelnos 7y ago
      Sure, but you're splitting hairs; that's not how the parent used the term "value".
AndrewBissell 7y ago
Literally lol at calling the Model 3 a "supercar"