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> And they were succeeding. Were they? Source? How big was their beta? What was their revenue? Beta users will bias toward early adopters, and often not repre
by brucephillips 9y ago
> And they were succeeding.
Were they? Source? How big was their beta? What was their revenue? Beta users will bias toward early adopters, and often not represent the mainstream market necessary to make a company profitable.
EDIT: I just read that they had ZERO revenue. So they certainly weren't succeeding.
- solarkraft 9y agoThey took preorders.
- brucephillips 9y agoDo you know how many they sold? If they received money from pre-orders, why does he say they were four weeks away from revenue?
- valuearb 9y agoTheir preorders weren’t near enough to keep the doors open. Management has sone wealthy people, and it wasn’t enough to even get them to toss in enough money to get to that “imminent” launch. The CEOs excuses make near zero sense.
- brucephillips 9y agoIf this is true, my guess is they didn't actually have any investor interest, and the acquisition offer was really more of a desperation move than a dumb strategy.
- notyourday 9y agoPre-orders = liability.