zlacker

>>donsup+(OP)
YC invested in what was clearly an outright fraud? Or did they pivot do hard that nobody noticed?

>>dmitry+A3
A poor decision does not equal fraud.

>>devout+94
Promising a guaranteed 15% return is fraud. There is no place in reality where you can * guarantee * that kind of return.

>>dmitry+g4
Credit cards issue debt on promised 15%-24.99% returns all the time..

>>Khelav+td
The fact those returns aren't guaranteed is a big part of why they are so high to begin with. Credit card debt is unsecured (no collateral put up to be seized in the event of a default), creditors can walk away from the debt and the issuer will never receive a cent.