Episode 3: Venture Capital is a Giant Ponzi Scheme

Is venture capital the fuel behind world-changing innovation…or just a glorified pyramid scheme where everyone’s pretending they’re building the next Uber while actually praying for a higher valuation before the money runs out?
In this spicy episode of UnicornPrn, Melissa and Lloyed expose how the game is played — founders chasing funding like junkies, markups for AI buzzwords duct-taped to a landing page, unicorn markdowns like it’s Black Friday, and accelerators slapping lipstick on broken products for Demo Day.

Highlights:

• Why VC math makes founders lie to themselves (and investors)
• The billion-dollar valuation addiction—and who’s really winning
• The culture of secondary exits, fake wins, and quiet shutdowns
• What happens when the market corrects and the music stops
• The NEW Startup Operating System

Hot Takes:

• “A startup that needs constant funding to survive isn’t building... It’s bleeding.”
• “More startups die of indigestion than starvation.”

The startup game is rigged. This episode hands you the playbook they don't want you to read.

Tune in. Wake up. Think hard. Build smart.

Contact UnicornPrn

• Find show notes of each episode on UnicornPrn.com - hit subscribe like it owes you money

About our hosts

• Melissa Kwan is Cofounder and CEO of eWebinar, and a 3X bootstrapper who has spent the last 14 years building companies without ever raising a cent of venture capital.
• Lloyed Lobo is a WSJ bestselling author, Cofounder of Boast.AI and Traction founder community, startup advisor, angel investor, board member, and LP in multiple VC funds — he’s seen startup chaos from both sides of the term sheet.
• LinkedIn: Melissa Kwan and Lloyed Lobo
• Instagram: @themelissakwan and @lloyedlobo⁠⁠
• YouTube: @themlissakwan and @StartupTraction
• Subscribe to 'your founder next door' at melissakwan.com, Melissa's bi-monthly newsletter on how to build a company without an abundance of resources and friends in high places.
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