4 ms·
It seems that a lot of VC is a multivariate ponzi scheme of sorts, which might explain some of it. If they're making fees regardless, then they just need to sho
by Reedx 7y ago
It seems that a lot of VC is a multivariate ponzi scheme of sorts, which might explain some of it. If they're making fees regardless, then they just need to show/push fast initial growth to attract more layers of investment and it doesn't necessarily need to make long term sense.
Chamath Palihapitiya describes this here: https://www.youtube.com/watch?v=NVVsdlHslfI https://www.youtube.com/watch?v=NVVsdlHslfI
- nikajon_es 7y agoI was there for this, and starting at the 09:30 mark it was exactly what I was thinking about when I read the headline.
- ibeckermayer 7y agoWow, thank you. This guy decisively describes what I’ve been yammering to my friends about since moving to SF and learning about this industry.