Almost all companies doing post-series-B are losing money at the time they finalize the round. While only some of the deals are explicitly structured as debt or

Almost all companies doing post-series-B are losing money at the time they finalize the round. While only some of the deals are explicitly structured as debt or debt-like (although, more and more, it seems), they are all pretty similar on a balance sheet. They are selling something which hurts the business as-is in order to get cash, to pump into a system that isn't making money. At the end of the day, the celebration is predicated on a denial of the business realities these companies are faced with. Now, in terms of how _frequent_ these posts are on hacker news... not as frequent as they used to be, for sure. But when they do pop up, nobody is saying it's not really news. That's my whole point.