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Here is the answer -> They have received $35 millions in funding and... the story now looks "familiar". https://www.crunchbase.com/organization/everythingme#/en
by juskrey 11y ago
Here 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".