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Yeah, it seems more and more that the process is to get as much money as you can and then figure out how to use it.
by maxxxxx 8y ago
Yeah, it seems more and more that the process is to get as much money as you can and then figure out how to use it.
- nradov 8y agoIt's only logical that management raises money when money is cheap. That way the company has extra breathing room to survive and pivot if necessary. And if it turns out they don't need the cash, they can always just return it to investors.
- maxxxxx 8y agoI think there is more to it. For example, when Uber was talking about getting into self driving cars there was really no reason to believe they could take a lead besides having a boatload of money to buy the tech or people.