3 ms·
It’s some weird perversion of our systems that an entire class of people are able to pump a company’s books in private and then dump them on the market for pens
by jbob2000 6y ago
It’s some weird perversion of our systems that an entire class of people are able to pump a company’s books in private and then dump them on the market for pension funds and retail investors (aka working people) to pick up the debts. This VC thing is just class warfare in disguise with more steps.
- ada1981 6y agoI’ve heard YC Alumni talking openly about building something and then “selling it to dentists in Nebraska”. They are talking about pumping up a stock and unloading it on some working class rube (well, thousands of rubes) who topped out at the education + service tier. This is viable exit strategy for many.