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Well,frankly it's "easy" when you don't make a profit and rely on investor money rather than balanced account.
by nolok 8y ago
Well,frankly it's "easy" when you don't make a profit and rely on investor money rather than balanced account.
- devoply 8y agoWhen you are getting money on a 75B valuation good luck cashing out on that sort of startup. The investors will eat most of that profit leaving you with a few million if you are lucky on a big exit.
- draw_down 8y agoFrankly that's between the board and their investors. I don't see why I personally should mind if investors' money is being wasted (as in Moviepass, or this company as you claim), especially if it's partially going to a big salary. Of course, if it really is such a scam, the gravy train will obviously end at some point.
- justin 8y agoStarting a startup with the engagement of TouTiao is not easy.