[kerkeslager]

> One of the funny/sad consequences of watching Silicon Valley, is that a lot of my friends (in my African country where only 4% has electricity) think that the startup need to expand no matter what, even if it has no viable business model, you can run a "budgetivore" business for many years like Linkedin/Amazon and in the end you will find a business model.

> So imagine. Instead of building good and sound startups that can be champions in the country/region, they waste the meager resources available in the country on fake startups/crypto-scams.

So is the problem here just that your country has fewer resources?

There are plenty of rich people in developed countries who could be champions of the country/region but waste the resource available on sociopathic business models which are absolutely as predatory as crypto scams, all while dodging taxes, drawing on corporate welfare, and creating lower-paying jobs that displace higher-paying jobs.

Nobody likes a crypto scammer, but I'd argue that the average large-scale landlord in the US does far more damage.