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Dell3420 | 8 months ago

I agree with this, and as we see the bubble keep growing, and the risk getting higher, default is everywhere.

We can see in South East asia it doesn't end well, KoinWorks/Lunaria, eFishery, Investree (even the founder can make another scam in Middle East), Crowdee, Akseleran, etc...

They called Unicorn, where in west we see Klarna, Afterpay, etc..

it's taking money, never generate right revenue, scamming million of people hard earning salary, just for VC doing their bubble pump and burst..

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ecb_penguin|8 months ago

I'm here for the scam! I get paid absurd amounts of money at an unprofitable YC startup. It's fine, though, because our founders are scamming even more money.

It's all a ponzi scheme where we pass investment dollars to the next bag holder (series C!). It doesn't really matter what you do. If you can get the bag by scamming some dumb investor about AI, that's true trickle down economics.