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New revenue stream: join masterminds, accept their proof-of-confidence money and do what they say. Use hollywood accounting to always post a loss. Huzzah!
by MrLeap 4y ago
New revenue stream: join masterminds, accept their proof-of-confidence money and do what they say. Use hollywood accounting to always post a loss. Huzzah!
- floren 4y agoI think this is just called "making a VC-funded startup"
- btilly 4y agoThat's why there needs to be a "find likely candidates" step. And getting it right is part of the core of the business model. That's why Y Combinator has an interview process. Why venture capitalists do due diligence. Why coding camps start with a test to see if you're worth educating. And so on. The incentives for fraud are also why many variations on this model involve putting a visible investment into you, but without necessarily paying you directly.