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I mean the VCs literally make their money from pump and dump schemes. There are a ton of startups in the valley that have ludicrous valuations. VC can do the in
by __loam 3y ago
I mean the VCs literally make their money from pump and dump schemes. There are a ton of startups in the valley that have ludicrous valuations. VC can do the initial investments then recoup their capital even before companies are profitable as we see with examples like Uber.