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Isn't that how a majority of inflated startups work? VC money moves the bus for a quite a long time and if profitability can't be figured out, it will come out
by princevegeta89 4y ago
Isn't that how a majority of inflated startups work? VC money moves the bus for a quite a long time and if profitability can't be figured out, it will come out in the form of layoffs and downturns.
Take Doordash for example, every delivery they do with is powered by VC money.
- dasil003 4y agoDoorDash IPO'ed 18 months ago.
- princevegeta89 4y agoYeah, but still not turning any profit. And probably still using leftover VC money. With the stock value way down, I wonder if they have issues pumping cash anymore