Hacker News new | ask | show | jobs
by Taek 3331 days ago
No because a lot of investments intend to create value along the way. Investing in a startup for example hopes that one day they will be profitable. You may intend to sell or exit before that point, but the people who buy from you are looking forward to real world profits from adding real value.

It's only ponzi-esque if each person just expects the next one to pay more than the last, with no value-added at any point in the process.