Of course it's how it works, how else do you justify a company that is making negative profit into some how being worth $300M? Like that's just the game, IDK why people accept it. It's not democratic and all it does it prime the population for fraud and abuse.
I don't need to "play the game" to realize private valuations are just marketing fluff not based in reality. It's literally "the greater fool" theory in action. When the incentives are to just lie and not put out something with some actual scrutiny like a 409A, it's quite clear what game is being played.
But yes, I would totally love to invest in startups with people's pension funds. It seems like the perfect scam where the only losers are the public that allows such actions.
Of course it's how it works, how else do you justify a company that is making negative profit into some how being worth $300M? Like that's just the game, IDK why people accept it. It's not democratic and all it does it prime the population for fraud and abuse.
Yeah, that's not the game at all. Have you ever invested in startups?
I don't need to "play the game" to realize private valuations are just marketing fluff not based in reality. It's literally "the greater fool" theory in action. When the incentives are to just lie and not put out something with some actual scrutiny like a 409A, it's quite clear what game is being played.
But yes, I would totally love to invest in startups with people's pension funds. It seems like the perfect scam where the only losers are the public that allows such actions.
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