3 ms·
Sounds like a pyramid scheme: invest in a startup first so that you find other investors for a subsequent round so that you can IPO and sell it all off to the n
by ornornor 7y ago
Sounds like a pyramid scheme: invest in a startup first so that you find other investors for a subsequent round so that you can IPO and sell it all off to the next suckers who are hoping to do the same. Just don’t be the one left holding the bag.
- cryptica 7y agoAnd the worst part is that all these people who were hired were misused for bureaucratic purposes and so their practical skillsets have atrophied. Then when the big burst arrives and these people are collectively fired, they will be totally unprepared and incapable to adapt their skills to the economic reality that they were shielded from by their previous employers.