The entire tech industry has morphed into ponzinomics, and it’s been like that for at least my entire career.

It seems like none of these SV companies make money, or even have a realistic plan to ever make money. Instead the strategy appears to either a) hope that the investors have infinite funds and keep pretending to grow, b) get bought out by a larger, also unprofitable company, or c) go public and make it so that all of our retirement funds depend on it.

But it’s fine, as long as you brand it as “tech” and give some vague promises of it being “the future”.