u/Ecstatic_Coconut_187 wrote (the comment Michael replied to):
I've attended MLM events previously. One was FX trading-related. There was a big whatsapp group of people sharing updates with emojis. Some of them seemingly perfectly nice people. It soon became clear that those making any money were the ones referring others to the programme.
u/michaelnovati replied ·
Oh yeah 100% agree on the practices. I also watch a lot of cult documentaries and in my opinion, there are some similarities in the tools cults use and the tools boot camps use (obviously not saying they intentionally use these and might just be accidentally doing them because they work at creating close communities) but in completely my opinion, I see some similarities when I watch some of these documentaries.
I was making a legal argument and I stand by that legally it would be hard to say anything is an MLM.
In my opinion, WeWork is a good analogy for many bootcamps. It's like a crazy strong internal culture, cultivated external brands, companies not run super well internally, and a business model that doesn't work so well.