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Many if not most scam companies scam the consumer, which is indistinguishable from profiting off a consumer.

There are also many “legitimate” tech companies that don’t make any profit, but balloon their valuation all the way to an IPO or SPAC and then profit off public investors.

So your definition still can’t distinguish between “real” companies and scam companies





We are talking about INTENT. The intent of the founders has to be to never actually have any customers or revenue but just steal investor money.



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