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[return to "YC W22 Stablegains is being sued for losing $42M in funds from 4878 customers"]
1. xuki+9b[view] [source] 2022-05-19 07:55:23
>>donsup+(OP)
https://i.imgur.com/qz4EeQS.jpg - This is (was?) their ads

"15% interest. No surprises."

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2. itsokt+oC[view] [source] 2022-05-19 12:24:23
>>xuki+9b
And the YC board looked at this and funded it. That's unbelievable, isn't it?
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3. terafl+0S[view] [source] 2022-05-19 13:45:58
>>itsokt+oC
Not unbelievable at all. I've pointed this out before, and I'll probably have cause to do so again, but Y Combinator has twice funded companies whose entire business model is smuggling:

https://techcrunch.com/2014/08/13/backpack-connects-you-with...

https://techcrunch.com/2016/01/28/shypmate-pays-travelers-to...

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4. wsgeor+HD1[view] [source] 2022-05-19 17:24:52
>>terafl+0S
> whose entire business model is smuggling

That's interesting. I never thought of it that way. Solutions to the "Amazon doesn't deliver here" problem are quite popular in Ghana. Asking someone returning to get you something is quite common. I have friends who've created businesses around this.

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