2 ms·
I think in twenty years someone is going to write a book about all of the startups out there that raked in the cash, never produced a viable, profit-making prod
by Simulacra 9y ago
I think in twenty years someone is going to write a book about all of the startups out there that raked in the cash, never produced a viable, profit-making product or service, and eventually went bankrupt. There's an excellent article about the startup Tilt[0] and how it just went boom, and then bust. Makes me wonder if at least some of the startups out there know they're vapor but want to ride the gravy train.
[0] https://www.fastcompany.com/3069164/how-tilt-veered-off-course https://www.fastcompany.com/3069164/how-tilt-veered-off-cour...
- kesselvon 9y agolike Crinkl? I mean look at how many companies go public on the Dow without ever showing profitability...Netscape's IPO seems to have created this trend where tech IPOs don't have to be viable businesses
- Simulacra 9y agoWow I had to look Crinkl up, what a cluster... yeah that. Wow. I'm sure someone is already working on an in-depth analysis where someday we can look back and say: vapor, vapor, vapor, scam, great idea but no monetization, vapor, scam, etc. etc...
- TarpitCarnivore 9y agoWhat was the photo company that raised 50M before launch, Color?
- ferentchak 9y agoThere's a company I would list here but it's in bad taste because they are popular and my comment would not fit into the 140 character limit!