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Looks like a company buying dead startups. Weird. Maybe it’s just a company that is controlled by some VC or groups of VCs and that’s how they make their return
by eaenki 5y ago
Looks like a company buying dead startups. Weird. Maybe it’s just a company that is controlled by some VC or groups of VCs and that’s how they make their returns and number of exits look better. They also look less dumb.
- nemo44x 5y agoThey could get some economy out of these once high flyers that still have a user base by getting rid of most of their payroll and having management work across the various properties. It’s a graveyard but I’d assume they are structured such that they can reduce costs dramatically and suck these properties dry for a bit of profit.