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A comment on Why paid masterminds are mental masturbation. Parent comment

Re:Why paid masterminds are mental masturbation by MrLeap on Monday April 03, 2023 @03:44PM (#35430146)
New revenue stream: join masterminds, accept their proof-of-confidence money and do what they say. Use hollywood accounting to always post a loss. Huzzah!
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Re:Why paid masterminds are mental masturbation by floren on Monday April 03, 2023 @03:48PM (#35430218)
I think this is just called "making a VC-funded startup"
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Re:Why paid masterminds are mental masturbation by btilly on Monday April 03, 2023 @03:55PM (#35430320)
That's why there needs to be a "find likely candidates" step. And getting it right is part of the core of the business model.

That's why Y Combinator has an interview process. Why venture capitalists do due diligence. Why coding camps start with a test to see if you're worth educating. And so on.

The incentives for fraud are also why many variations on this model involve putting a visible investment into you, but without necessarily paying you directly.

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