QUOTE(TOMEI-R @ Jun 20 2023, 06:37 PM)
Problem is investor@people still keep pumping money into it. To me this kind of business are like money game @ pyramid schemes. Investors keep pumping money into the company and keeps everything running like a merry go round. Company officials will have a field time spending investor money like no tomorrow. When the investor money stops flowing in is when the whole circus starts to crumble. Whoever still in it will take the full brunt.
Had this same conversation too with my family. It really feels like money game that con big players (angel investors, VC, wealth funds, etc.), the trick is to know when you're getting rug-pulled.Like running off with money on crowdfunding platforms but scale it to 100x the size & scope. 'Legally' mind you.
Jun 20 2023, 08:50 PM

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