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Tech startups and the Angel/VC ecosystem feels like a Ponzi scheme sometimes. The goal doesn’t seem to be to create a profitable business, but to make a good ex
by haolez 7y ago
Tech startups and the Angel/VC ecosystem feels like a Ponzi scheme sometimes. The goal doesn’t seem to be to create a profitable business, but to make a good exit with the next investor’s money (or the public’s in the case of an IPO).
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- Grustaf 7y agoI’m not sure it is very common that the next round investors buy shares from the first round, seems to defeat the purpose of raising money. IPOs are a different story though, cf We, Uber.