1
you are viewing a single comment's thread
view the rest of the comments
[-] PorkrollPosadist@hexbear.net 1 points 1 year ago* (last edited 1 year ago)

The actual start-ups never need to profit. The VCs invest early when they are worthless, hype the shit out of them, and liquidate their positions at IPO time to start the cycle anew. A bunch of suckers get left holding newly minted overvalued stock in doomed companies.

[-] DiltoGeggins@hexbear.net 1 points 1 year ago

Yea, sounds right. Or as the imminent humanities scholar and Chicago saloon owner, Michael Cassius McDonald once put it, "...There's a sucker born every minute."

this post was submitted on 02 Jul 2023
1 points (100.0% liked)

technology

23313 readers
74 users here now

On the road to fully automated luxury gay space communism.

Spreading Linux propaganda since 2020

Rules:

founded 4 years ago
MODERATORS