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It'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
by mattmaroon 18y ago
It'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.