5 Matching Annotations
  1. Last 7 days
    1. Initial investments poured in to the LP, including more than $60 millionrolled over from OpenAI’s nonprofit, $10 million from YC, and $50 millioneach from Khosla Ventures and Hoffman’s charitable foundation. Hoffmanwas initially reluctant to invest more in OpenAI when it had no product ormarket plan, he later recounted. But he ultimately agreed to colead theround after Altman told him it would help legitimize the seriousness ofOpenAI’s intention to develop a profitable business.

      This has all the hallmarks of a Ponzi scheme.

    Tags

    Annotators

  2. Jun 2023
  3. Jan 2022
  4. Sep 2020
    1. Oral Roberts began teaching prosperity theology in 1947.[4] He explained the laws of faith as a "blessing pact" in which God would return donations "seven fold",[26] promising that donors would receive back from unexpected sources the money they donated to him. Roberts offered to return any donation that did not lead to an equivalent unexpected payment.

      How does this track with the growth of Ponzi schemes and pyramid schemes in the late 1800's and early 1900's?

  5. Sep 2015