4 ms·
It smells a lot like a ponzi scheme.
by disambiguation 5y ago
It smells a lot like a ponzi scheme.
- rchaud 5y agoNot always a Ponzi, but there is certainly a "greater fool" theory at work in venture capital. The rush to take loss-making companies public makes that clear, as does the handwaving away of poor financial metrics with platitudes like "tech stocks are different". Now that SPACs have emerged, tech companies aren't even bothering to go through the regular route because SPACs let them do it with less financial disclosure.