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Silicon Valley Investor Calls Start-Up Economy A Ponzi Scheme



 
 
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  #1  
Old November 17th 18, 09:25 PM posted to alt.california,uk.finance,misc.invest.canada,talk.politics.misc,alt.economics
Byker
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Posts: 3
Default Silicon Valley Investor Calls Start-Up Economy A Ponzi Scheme

"anonymous" wrote in message news

Silicon Valley Investor Calls Start-Up Economy A Ponzi Scheme

https://safehaven.com/news/Breaking-News/Silicon-Valley-Investor-Calls-Start-Up-Economy-A-Ponzi-Scheme.html

Silicon Valley’s Chamath Palihapitiya, the tech investor behind the Social
Capital venture firm, is telling clients that the start-up economy is has
turned into a sophisticated—and dangerous—Ponzi scheme and the high-stakes
losers are employees and limited partners.


Sounds like fodder for "American Greed" on CNBC...

  #2  
Old November 19th 18, 03:37 AM posted to alt.california,uk.finance,misc.invest.canada,talk.politics.misc,alt.economics
Mr. B1ack
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Posts: 10
Default Silicon Valley Investor Calls Start-Up Economy A Ponzi Scheme

On Sat, 17 Nov 2018 14:25:27 -0600, "Byker" wrote:

"anonymous" wrote in message news

Silicon Valley Investor Calls Start-Up Economy A Ponzi Scheme

https://safehaven.com/news/Breaking-News/Silicon-Valley-Investor-Calls-Start-Up-Economy-A-Ponzi-Scheme.html

Silicon Valleys Chamath Palihapitiya, the tech investor behind the Social
Capital venture firm, is telling clients that the start-up economy is has
turned into a sophisticatedand dangerousPonzi scheme and the high-stakes
losers are employees and limited partners.


Sounds like fodder for "American Greed" on CNBC...


Mmmmmmm .... he may not be as far off the mark as
we'd like to believe.

Start-ups generate temporary wealth, which is then
used to fund more start-ups and so on and so forth.
Thing is, the longer-term pay-off may not actually
cover the all the bills. At some point the theoretical
profits will get so far ahead of the realized profits
that people or lenders will start to freak out - and
the whole pyramid collapses.

It's kinda like the property-values leading up to 2008.
So long as everyone *believed* they could flip the
properties for a good profit .... well .... at SOME point
they just weren't gonna be able to.

And *BOOM* .......

 




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