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It's distribution. Guy's got a brand name now. People and investors recognize his name. It's a lot easier to find an absolute quantity N of investor money for a
by rsp1984 7mo ago
It's distribution. Guy's got a brand name now. People and investors recognize his name. It's a lot easier to find an absolute quantity N of investor money for a fraudulent but well-known name than it is for an unknown upstart.
The fraud might have a low close rate but the top of the funnel is huge. The unknown upstart can't even get meetings.
- actionfromafar 7mo agoHe might credibly have access to federal bailout, too. That's worth something.
- game_the0ry 7mo agoHis “brand” is “torching investor money.” Still don’t get it.