4 ms·
Isn't it a variation of MLM [0]/Ponzi schemes [1]? > finding folks who are in need of a job but also willing to invest upfront might narrow the pool significan
by throwawaybutwhy 6y ago
Isn't it a variation of MLM [0]/Ponzi schemes [1]?
> finding folks who are in need of a job but also willing to invest upfront might narrow the pool significantly.
Agreed. This looks like an understatement.
[0] https://en.wikipedia.org/wiki/Multi-level_marketing https://en.wikipedia.org/wiki/Multi-level_marketing
[1] https://en.wikipedia.org/wiki/Ponzi_scheme https://en.wikipedia.org/wiki/Ponzi_scheme
- lambdatronics 6y agoHmm, I wasn't considering for N to be large/unlimited (ie, rolling recruitment). The idea was basically to have N fixed from the outset; the project would start once the team was assembled. Basically, I keep hearing that VC, founders, and early employees have divergent incentives, leading to conflicts of interest. The thought was to find a way to align them. This may not be the way, but I was hoping to at least get some discussion. Maybe I should have started with that question instead of a proposed solution....