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<blockquote data-quote="Willie the Duck" data-source="post: 9266009" data-attributes="member: 6799660">Between the fascination with Web3.0 tech, self-described 'serial entrepreneur' and funding from something called the 'Hustle Fund,' every part of this just oozed of 'closer' culture and high-energy corporate trainwreckage to me.Much like investment schemes, debt purchasing, patent/IP trolling, and bankruptcy two-steps; VC-mining and other modern attempts to make money in the corporate infrastructure orthogonal to actually making a profitable and well-selling product or service make me nostalgic for the days of junk bonds and plain old snake oil. There's an old saying about the local petty con artist that 'never has anyone worked so hard to not have to do an honest day's work.' It's fascinating that the modern economy has made not one type, not a grouping of types, but successive waves of differing models for making entire industries along those lines. Doubly fascinating (in VC's case) that in a world where information travels around the world in an instant that there are still people (or honestly mostly conglomerations of people) willing to keep putting money into such a system without more checks and balances into the people they are handing money too actually having a reasonable avenue to deliver the hoped-for mass profits.There are, however, plenty of ducks.</blockquote>

[QUOTE="Willie the Duck, post: 9266009, member: 6799660"] Between the fascination with Web3.0 tech, self-described 'serial entrepreneur' and funding from something called the 'Hustle Fund,' every part of this just oozed of 'closer' culture and high-energy corporate trainwreckage to me. Much like investment schemes, debt purchasing, patent/IP trolling, and bankruptcy two-steps; VC-mining and other modern attempts to make money in the corporate infrastructure orthogonal to actually making a profitable and well-selling product or service make me nostalgic for the days of junk bonds and plain old snake oil. There's an old saying about the local petty con artist that[I] 'never has anyone worked so hard to not have to do an honest day's work.'[/I] It's fascinating that the modern economy has made not one type, not a grouping of types, but successive waves of differing models for making [I]entire industries[/I] along those lines. Doubly fascinating (in VC's case) that in a world where information travels around the world in an instant that there are still people (or honestly mostly conglomerations of people) willing to keep putting money into such a system without more checks and balances into the people they are handing money too actually having a reasonable avenue to deliver the hoped-for mass profits. There are, however, plenty of ducks. [/QUOTE]

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