>>88334311It's not "money laundering"; it's "burning VC money".
Imagine you can pitch the most retarded idea in one of those "shark tank" TV Shows
>I want to open a restaurant where every dish is made of granulated iceand they say
>OK, do it, I'll give you 10 million dollarsWhat do you do with the money?
>500k goes to buy ice, rent the place and serve the (non existent) customers>9.5M goes to pay the admin salaries (meaning you and your close ones), manager salaries (your own buddies, kicking some money back to you because you fixed them with this sweet gig), consulting (your cousins) and marketing (that thot you knew in the nightclub that will suck you once in a while for the job)It's a sweet deal and, for the people giving the money, it's not even their money in the first place, the US, EU and JP central banks are loaning them the money at a NEGATIVE interest rate meaning as long as they don't lose ALL of it in this type of investment they can make some money out of whatever winner they pick
