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startupsfail 10 days ago

The annoying part, a lot of money could be funneled into these unworkable businesses in the process, crypto being a good example. And these unworkable businesses tend to try to continue getting their way into the money somehow regardless. Most recent example was funneling money from Russia into Trump’s campaign.

bubaumba 10 days ago | parent [-]

> The annoying part, a lot of money could be funneled into these unworkable businesses in the process, crypto being a good example

There was a thread here about why ycombinator invests into several competing startups. The answer is success is often more about connections and politics than the product itself. And crypto, yes, is a good example of this. Musk will get his $1B in bitcoins back for sure.

> Most recent example was funneling money from Russia into Trump’s campaign.

Musk again?