3 ms·
Wow. 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 inve
by treelovinhippie 11y ago
Wow. 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".