@icedquinn @newt and I remember jwz blog, there's some cool stuff there, even if I disagree with some of it.

But what he's describing is VC's scamming naive young programmers to work for below market rates. I've experienced this, too. They'll appeal to altruism and lofty visions without any down-payment.

It's the *lack* of business acumen and adherence to business sense and markets that's the cause of the evil, in that use case.