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Their core functionality is to keep the confidentiality of its users. There is widespread available technology and know-how on how to do this successfully and
by toss1 8y ago
Their core functionality is to keep the confidentiality of its users.
There is widespread available technology and know-how on how to do this successfully and consistently.
Blind failed miserably at this fundamental task.
Yet...
>>Blind last month secured another $10 million in new funding after a $6 million raise in 2017
So the VCs are perfectly happy to dump millions into a company that is dishonest and incompetent (see also Uber, Theranos), while thousands of competent honest startups go begging.
Provides a bit of background into why most VC funds struggle to outperform the market