Why paid masterminds are mental masturbation

Re:Why paid masterminds are mental masturbation by seanlinehan on Monday April 03, 2023 @04:38PM (#35430926)

I ran an ISA company for a while and can say with pretty high confidence that there are many reasons why fee-for-success is not an effective way to monetize this type of content (Which I've written about before [0]).

I agree that a business, like YC, that has been around for a while, monetizes directly with a fee-for-success model, and has good reviews is very likely to be effective. But the inverse does not hold: a program using fee-for-service is not particularly good evidence that the program is ineffective.

[0] https://twitter.com/seanlinehan/status/1505923007096700939

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Re:Why paid masterminds are mental masturbation by btilly on Monday April 03, 2023 @04:54PM (#35431142)

You make good points, but I think we agree on the core.

There are challenges with a pay for performance model, but a business that successfully operates on one is sending very strong evidence that they are actually effective.

A fee for service program may or may not be good, but the burden of proof is now on the company that they are worth what you'll spend on them.

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