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Looking at the picture they put on the post... Can someone please explain why a launcher needs so many employees?
by joshmn 11y ago
Looking at the picture they put on the post... Can someone please explain why a launcher needs so many employees?
- seibelj 11y agoYeah, I mean, sorry they closed down, but an Android only niche product doesn't scream "sustainable business model" to me.
- juskrey 11y agoHere is the answer -> They have received $35 millions in funding and... the story now looks "familiar". https://www.crunchbase.com/organization/everythingme#/entity https://www.crunchbase.com/organization/everythingme#/entity
- treelovinhippie 11y agoWow. How does something like this even get $35m in funding and just burn through that over 5 years, then shutdown because they couldn't monetise? Were the investors hoping for a Google acquisition? In Australia I'm struggling to raise $50k for a global product with a clear monetisation and cashflow strategy.
- juskrey 11y agoPlease do not get caught on that hook. Try to earn that 50k yourself.
- treelovinhippie 11y agoYeah I've given up on seed/accelerator/incubator over here. There's a reason why only the boring cashflow +ve enterprise startups come out of Australia. Just means I need to be juggling various different projects to bootstrap. Currently monetising a separate startup in order to fund the one I actually want to work on.
- juskrey 11y agoAnd, as for the question "how", the answer is " irrational exuberance".
- cloakandswagger 11y agoMy first thought as well. I imagine a good portion of them focused on getting through a work day with nothing to do.