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‘I Will Not Be a Part of the Charade Anymore.' Why a Facebook Millionaire and Tech Investor Is Getting Out of the Startup ‘Ponzi Scheme'
8 days ago - By Fortune
Investor Chamath Palihapitiya , founder of Social Capital, called the growth-focused startup scene “an enormous multivariate kind of Ponzi scheme,” yesterday at the Launch Scale conference in San Francisco, CNBC reports .
Many startups engage in what they call “growth hacking” to boost early user numbers, inspiring investor confidence and capture market share. The venture capital model, in which managers seek to return investments on a seven to 10-year timeframe, may also reward unsustainable early growth that will not outlast the VC cycle.
“I will not be a part of the charade anymore...At...
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HOLD FAMILY A multiplayer network game for families
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SØVN Modern sleep tracking study
The Søvn app is a modern sleep tracker made by us for Bryggen Research AS! #mobile #iOS #android #portfolio
SØVN Modern sleep tracking study
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