• Hapankaali@lemmy.world
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    1 day ago

    How is this guy a fucking CEO?

    Wealthy background. Dropped out, got lucky with a startup and sold his stake for a decent sum, gaining enough momentum to keep failing upward.

    The guy is absolutely clueless, which can be mathematically proven on the basis of the fact that he invested in a crypto firm.

    • Jhex@lemmy.world
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      1 day ago

      got lucky with a startup and sold his stake for a decent sum

      He didn’t get lucky… him and others bamboozled investors into buying Loopt which was never functional, once sold, it shut down in months. Exactly what he is doing right now

      https://www.youtube.com/watch?v=l0K4XPu3Qhg

      Early days discussion (what I am referencing here) starts at 2:15

      • Asafum@lemmy.world
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        1 day ago

        I wish I had no morals… Life is so easy when you don’t give a single fuck about what you do to others… It’s so infuriating to see how many wealthy people have amazing lives because they simply don’t give a single fuck about anything but themselves.

        Sociopathy is greatly rewarded in this stupid world we live in. :/

      • Hapankaali@lemmy.world
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        23 hours ago

        I didn’t really look into what this startup did, but it doesn’t surprise me. Elon Musk has a very similar kind of story, bullshitting his way to being a billionaire. The system is very heavily stacked in favour of dishonest people.

        • MangoCats@feddit.it
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          22 hours ago

          The system is very heavily stacked in favour of people with a lot of money to start with. Then, those that are “willing to risk it” can reap outrageous returns when their longshots come in. We don’t see the losers, but the ones that hit their longshots are what we have “at the top” now.