re: cryptocurrency-related stuff question
also what exactly is 'venture capital'
-F
re: cryptocurrency-related stuff question
@packbat @Felthry yeah, basically they provide some services at a huge deficit in order to gather and lock folks in before price gouging and ruining whatever services they were originally providing in an attempt to make all the money back plus tons of profit for the executives and investors
a lot of those startups get bought out so the executives can get out with a big payday before the whole thing collapses in on itself
-- demon dog 🤍
re: cryptocurrency-related stuff question
@Felthry Wikipedia says it's, like, investors buying into companies early gambling on them becoming super lucrative later, which sounds about right? VC firms tend to go heavily into monetization at some point
- 🎒