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by the-dude 2130 days ago
> A small number of people might make a lot of money, funded by the losses of most of the rest

Sounds like Uber to me.

1 comments

Not sure what you mean. Are you saying later round investors in Uber are funding profits for early round investors? I could see some tech investment structures as possibly resembling MLM due to winner-take-all effects and outsized profits going to the earliest investors. Though this isn't a property specific to Uber