Edu: Pay it Forward - The Ponzi Scheme of Generosity

As a newcomer in Silicon Valley, Chris was awed by the kindness shown to him by influential insiders and tech luminaries, people he had never met and for whom he could provide little in return. From mentoring, warm intros, couches to sleep on, and more, Chris built lifelong friendships by receiving—and then giving. The concept of “pay it forward” is profoundly ingrained in Silicon Valley culture. But what is it exactly? How did it take root so deeply in an individualistic culture full of immigrants and blow-ins? And why is it so fundamental to the success of the ecosystem? In this episode, Chris and Yaniv unpack the magic of pay it forward, by way of game theory and the marvellous Robert Scoble. ***Become a True Fan of The Startup Podcast and help build our audience! DM Yaniv on LinkedIn to find out more*** 👉 Join the discussion on LinkedIn: https://www.linkedin.com/company/the-startup-pod/ Follow us on Twitter @ybernstein @chrissaad Leave us a rating and review in your favourite podcast app