Could this be a funding hack? It creates an economic incentive for the founder of the startup to give each of his friends $5 (say give 20 friends), to 'prove' that he has traction.
For $100, he can secure an angel/seed round of $100K.
Wouldn't be surprised if that is one of those unintended consequences that further inflates, what honestly looks like is becoming, the resurgence of a new bubble.
Good idea though, just wondering about the macro implications.
Comments
Could this be a funding hack? It creates an economic incentive for the founder of the startup to give each of his friends $5 (say give 20 friends), to 'prove' that he has traction.
For $100, he can secure an angel/seed round of $100K.
Wouldn't be surprised if that is one of those unintended consequences that further inflates, what honestly looks like is becoming, the resurgence of a new bubble.
Good idea though, just wondering about the macro implications.