[outside1234]

They have no scalable business model that yields profit outside of raising more investment, so yes, somehow they are still startups

[marcosdumay]

A startup is a small, agile company that is trying to grow.

Those things have more money than the world, and can't change anything about their business without the house of cards of their investment image falling down.

[outside1234]

The classic definition of a startup is "A temporary entity in search of a scalable business model."

This incredibly still fits all of these entities.

[mcmcmc]

> They have no scalable business model that yields profit outside of raising more investment

Yeah that doesn’t sound Ponzi-adjacent at all