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Yes, but that's only superficially similar to a Ponzi scheme. They're just not Ponzi schemes.

• deleted 3y ago
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• iancmceachern 3y ago
  How so? I'm genuinely curious, what are the specific distinctions? Many others consider it so: "Holmes duped just about everyone about the efficacy of Edison. For 12 years, she essentially ran a Ponzi scheme by attracting millions of dollars from primarily venture capitalists that saw it as a unique opportunity to cash in on the boom in Silicon Valley." https://www.ethicssage.com/2022/01/fake-it-until-you-make-it-the-story-of-elizabeth-holmes-and-theranos.html https://www.ethicssage.com/2022/01/fake-it-until-you-make-it...
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