It seems that a lot of VC is a multivariate ponzi scheme of sorts, which might e... | Hacker News

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		undefined1 on Jan 9, 2020 \| parent \| context \| favorite \| on: Lime shuts in 12 markets, lays off around 100 It seems that a lot of VC is a multivariate ponzi scheme of sorts, which might explain some of it. If they're making fees regardless, then they just need to show/push fast initial growth to attract more layers of investment and it doesn't necessarily need to make long term sense. Chamath Palihapitiya describes this here: https://www.youtube.com/watch?v=NVVsdlHslfI

ibeckermayer on Jan 9, 2020 | [–]

Wow, thank you. This guy decisively describes what I’ve been yammering to my friends about since moving to SF and learning about this industry.

nikajon_es on Jan 9, 2020 | [–]

I was there for this, and starting at the 09:30 mark it was exactly what I was thinking about when I read the headline.

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