4 ms·
From one of the linked investor questions: "..all our work has been funded by under $3.5M. We know how to deploy capital effectively." Then don't raise capita
by chinathrow 9y ago
From one of the linked investor questions:
"..all our work has been funded by under $3.5M. We know how to deploy capital effectively."
Then don't raise capital like hell. Pure greed.
Money quote from your link:
"Call me old fashioned, but wanting to raise half a billion dollars for a pre-product endeavor is absolutely fucking insane."
- AndrewKemendo 9y agoHey all the hottest startups do it: Magic Leap ($1.4B), Theranos ($720M), Color ($41M), Clinkle ($25M)
- sireat 9y agoSuddenly Color and Clinkle don't seem so outrageous.
- honestlyreally 9y agoPerhaps it is money that is worth little, rather than many asset classes being overvalued?