4 ms·
They shut down with 75 million in the bank a couple months after the pivot. I think there is more to the story.
by idoh 7y ago
They shut down with 75 million in the bank a couple months after the pivot. I think there is more to the story.
- teej 7y agoThey do not have 75 million in the bank. They returned what's left of their 75 million raised back to investors.
- deleted 7y ago[deleted]
- bfung 7y agoEven if there was 75 million in the bank, what would they do with it? Burn it, keep trying to pivot, run out of investor goodwill when all the money is gone and nothing to give back? If Justin ever wanted to start another thing in the future, that would be a hard sell if this burn happened. Not trying to attack -- just typing out the questions and consequences to think about.