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> Are they literally bragging about burning money in style ? Yeah, not something I would be saying after a failed company. You would say something that shows y
by bArray 4y ago
> Are they literally bragging about burning money in style ?
Yeah, not something I would be saying after a failed company. You would say something that shows you reflected on this and realized your mistake.
> That's either investor lie or he's in denial
An obvious lie... That should be a red flag for future investors.
Why would investors pull out of a good investment? He's either spending money at a rate that doesn't translate to growth or he's in denial.
> [..] there are broad critiques on things like operations and supply chain [..]
I wouldn't cast these issues 'broad', they were very real and important show-stoppers. I would be surprised if there was actually supply chain issues for food, considering so many other shops in Pakistan clearly have figured it out. Probably the biggest issue was 'operations', i.e. spending money like it's going out of fashion.
- xani_ 4y agoYeah the article pretty much pointed out that they weren't spending enough attention on making sure everything works efficiently. Like the fact relatively long expiry product like bottles of Coke still managed to expire (that kind of beverages normally last months to years) looks like some massively bad planning.