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Really? That's what you concluded from reading my comments? I'm almost tempted to call "troll" and not respond; but against my better judgment, I'll bite. An
by bcrescimanno 15y ago
Really? That's what you concluded from reading my comments? I'm almost tempted to call "troll" and not respond; but against my better judgment, I'll bite.
Any business that does not generate profit is NOT a ponzi scheme and I did not even begin to imply that was the case. Any business which pays out dividends to their investors based ONLY on money secured from later investors is operating a de facto ponzi scheme.
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It's fine for early business to operate at a loss; it's not ok for an early business to funnel money to early investors while still operating at a loss.