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> It sounded like a growing business even to the point that Jason claimed it could be another "unicorn". Then for it to simply implode on Monday? This is why p
by mbesto 11y ago
> It sounded like a growing business even to the point that Jason claimed it could be another "unicorn". Then for it to simply implode on Monday?
This is why people generally laugh at tech journalists (specifically in SV). Things always appear rosy on the outside of pretty much every startup that exists. Then the capital crunch inevitably happens. All of the media outlets focus on the wrong things (fund raises, valuations, celebs, etc) and not the real things the rest of the business world values (profits, returns, sustainability, value-creation, etc).