Comment by jakozaur

Comment by jakozaur 4 days ago

1 reply

A Ponzi scheme is extreme, where the underlying asset is worthless.

Databricks is a fast-growing company with ~$4B in annualised revenue and huge potential.

Many rounds got some portion of the round for liquidity. Similarly, markup strategies are common and valid. For existing investors, it works because they have already done research on the company and believe in it, so they put their money where their mouth is. For the company, it may speed up their fundraising process.

Though those strategies carry some risks.

1oooqooq 2 days ago

potato, herbalife.

so it is a ponzi schem. we are just discussing the size.