[renewiltord]

This is what people think is a ponzi scheme for tech people. In fact it's actually a Ponzi scheme for all the same suspects as last time. i.e. the same guy who gets into Amway or the pyramid marketing schemes falls into this.

Tech people don't fall into these Ponzi schemes. They fall into a different variety where a serial entrepreneur who has repeatedly received funding is assumed to be more capable than a guy new to the game.

[ZephyrBlu]

I disagree, many tech people lap this kind of thing up because it makes them believe that starting a highly profitable side-project is easy.

The VC dream is for an entirely different segment of tech people than those wanting to be indie hackers.