Trade Dollars with other startups. Book it as revenue

mytailorisrich

" This is a parody website. Any resemblance to real companies wash-trading their revenue is purely coincidental and also definitely happening. "

hliyan

The best bit of tongue-in-cheek is in the FAQ: > We take 2% of every swap. Then we swap our revenue with another platform.

randometc

Obligatory Michael Lewis quote, from Boomerang (2011): > Yet another hedge fund manager explained Icelandic banking to me this way: you have a dog, and I have a cat. We agree that each is worth a billion dollars. You sell me the dog for a billion, and I sell you the cat for a billion. Now we are no longer pet owners but Icelandic banks, with a billion dollars in new assets.

thelastgallon

I like this bit: Read the whitepaper* *there is no whitepaper

Lucasoato

Some of the text can't be read if opened in Firefox with dark mode as default. Kudos to you guys for making it anyway!

jwr

I find this amusing: I'm from Poland, where after the VAT tax was introduced in the 1990s, there were famous "VAT carousel" crimes, with people ending up in prison. The basic idea was similar, except you also collected VAT refunds from the state. If you search for "vat carousel" today, it seems this is still a thing.

testing22321

I pay you a million dollars to eat dog shit. You pay me a million dollars to eat dog shit. The result? The GDP goes up two million and we both have shit eating grins.

Havoc

The FAQ is amazing....pre-legal haha This is why substance over form is a thing in revenue accounting. Unless you're an American AI company ofc.

baggachipz

Is there a way we can leverage the Gig Economy to book large gains?

debarshri

What are the types of ARR the platform support? Can it also generate SOC2 certifications in days?

grey-area

Activities like this are a good sign of a bubble close to bursting. The circular deals Nvidia and OpenAI have done are good examples of this. https://www.bloomberg.com/graphics/2026-ai-circular-deals

spwa4

Isn't this highly illegal, and worst of all: this is cheating taxes ... Let's just say if you really want to commit crimes, don't start with challenging the IRS. Just don't. There's so many horror stories about that.

luke5441

Let no one have the excuse of "this was so unexpected" once it burns down.

Frozen_Flame

What if instead of trading dollars I want to promise to trade dollars in the future? My investors need to see me capturing the market. Might even create some panic for added fun.

everfrustrated

AKA YC companies buying from each other.

stego-tech

I don’t see anything topping the internet today better than this. Perfect, no notes.

rizza

This took me far too long to figure out that it was parody. I'm sure some VC has at least thought of building a SEC Violations as a Service platform. This is truly the dumbest timeline.

alansaber

Reinventing tax litigation from first principles

whatever1

It’s down already. The fund exceeded its capacity.

Swizec

Services in kind is a pretty common business practice. You see this a lot at the SMB level especially outside of the US. Small businesses are cash strapped. So you find someone who needs your services and you need their services. Instead of exchanging cash, you exchange invoices and do the work. You build them, say, a $5000 website, they perform, say, $5000 of landscaping. At big boy levels this is often structured as “strategic partnership”. The part that makes it not fraud is that both parties do actually do the work.