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by gigantor 1399 days ago
The fact that this useful and educational tool exists simply highlights the fact that the Venture Capitalism model of today has become so ultra-saturated, that it almost comically suggests anyone on the street can/should get in on it.

VC's and cryptocurrency feel as if they have now finished their convergence to be nothing more than the latest sophisticated and legal forms of ponzi schemes where those at the bottom of the pyramid are holding the bag. While not knocking the usefulness of this article and accompanying tool, it just shows how far we've strayed from putting the highlight and focus on builders and visionaries that these funds must have to latch on to.

2 comments

The states problem of prosecuting ponzi schemes has been publicly enabling everyone else to know exactly which pieces were and aren’t illegal

Which disclosure paragraph was missing in the 80 pages of disclosures

Which notice wasn't filed with a securities regulator

And then simply doing the exact same actions compliantly

There is only so much the state can do for investors that want to move money

> highlights the fact that the Venture Capitalism model of today has become so ultra-saturated, that it almost comically suggests anyone on the street can/should get in on it.

If you use twitter (don't recommend) you'll see this opinion is widely held. People self-describe as "VCs" with funds of less than a million and/or who provide "funding" of less than 20K. Crazy times!