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In the microeconomic sense you're right, in the macroeconomic sense you're wrong. Selling off a company based on users that aren't monetizable is basically a p
by mixmax 18y ago
In the microeconomic sense you're right, in the macroeconomic sense you're wrong.
Selling off a company based on users that aren't monetizable is basically a ponzi scheme that just passes the buck to the next idiot in line until it all collapses.
- mklurfeld 18y agoThis might be the truest statement I've read all day
- mattmaroon 18y agoIt's not really a Ponzi scheme because the next guy down the line might find value in it. Ever since Madoff, everyone has inaccurately referred to everything as a Ponzi scheme. It's not. And even if it were, that quote would still be stupid because founders who don't monetize get rich all the time.