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so this serial ponzi-like thing where people build hype but tank a company, create a new one and hype that to pay off the previous failure's refunds, debts, etc., then tank it, move on to the next, ... does that have a name that actually gets to the predatory nature of the pattern and doesn't glorify it as entrepreneurship?

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in reply to wayfinder

I've been wondering this too. I hear 'pump & dump' and 'leveraged buyout' a lot, but those feel... incomplete and imperfect in these situations.
in reply to cathos

i suppose the leveraged buyout is kindof the opposite side of the tech startup thing where they build a company fast on loads of debt, hoping to be bought out and liquidated.
This entry was edited (6 months ago)