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>Is it insane luck that they hit the mark so often? No, its money. All these "tech unicorns" backed by VC money are the same. Spend Billions to obtain "growt
by throwaway_law 7y ago
>Is it insane luck that they hit the mark so often?
No, its money.
All these "tech unicorns" backed by VC money are the same.
Spend Billions to obtain "growth metrics" until such time as the spending can no longer be maintained and you have grown your "valuation" to a point no VC/private investor will save your ass, then dump the company on the public.
The marketing doesn't even change just the company, "at any time we can turn off the spending and growth, and make pure profit."