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Jesus, $600m in funding and a valuation of $5.6b. "The largest single funding round since Groupon in 2011." All to put (presumably) pharma ads in our faces.
by monktastic1 9y ago
Jesus, $600m in funding and a valuation of $5.6b. "The largest single funding round since Groupon in 2011." All to put (presumably) pharma ads in our faces.
- Bartweiss 9y agoI'm used to BS mission statements about "making the world a better place", but that one honestly made me a bit sick. With all the issues in American healthcare, the hot new $600m startup added nothing but more advertisements - and had to fake even that. It might actually have been better for the world to pay all the employees to not build that company.
- r00fus 9y ago> It might actually have been better for the world to pay all the employees to not build that company. The way you do this is to promote government regulation of the funding parties (banks, pharma, etc). Right now they can do what they want and essentially pay to have people lie for them. That kind of stuff would not pass muster in the EU or China.
- Bartweiss 9y agoI don't think I've ever heard the suggestion of opening VCs to liability for those they invest in. Doing that, even in a very limited sense (like "VCs who fail to employ due diligence") seems like it might cool the market down significantly, but that doesn't sound like the worst thing.