authored by Premmi

Secret Tip From a Venture Capitalist

The first rule of becoming a billionaire is scale.

Fraud, it turns out, has economies of scale too.

Steal a billion dollars from one person and everybody notices. You might even go to prison.

Commit $17,000 in wage theft from each of a million engineers and you have $17 billion, in addition to a very respectable career as a venture capitalist.

Mathematically,

\$ 17,000 \,\times 1,000,000 = \$17 \text{ billion}

Finally, normalize the harm by turning deception into a game.

Scale is what turns petty theft into a business model and a business model into a billionaire.

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