For better or worse, he is not far off although Ponzi scheme is a harsh word. It has become clock work routine for most startups to get some users, get some angel funding, hire, scale, get VC money, pour more money and get more users, ???? , then profit!<p>Launching a startup used to be something that entrepreneurs loved. And now I see all my acquaintances are either pounding the pavement begging for angel money or dreading the routing morning phone calls from their own startup.<p>Make Bootstrapping Great Again