4 ms·
The appearance of being a "premium" startup was probably necessary for a variety of reasons, including investor confidence, hiring, PR credibility, etc. It's f
by jesuscript 4y ago
The appearance of being a "premium" startup was probably necessary for a variety of reasons, including investor confidence, hiring, PR credibility, etc.
It's fine, it works until it doesn't. It's not like they really know what to do with the extra VC money anyway, might as well spruce up the company to appear premium.
https://www.youtube.com/watch?v=6ktvE2vfxSQ https://www.youtube.com/watch?v=6ktvE2vfxSQ
"You think I have time to ask a man why he giving me money, where he gets his money from? I'll take any motherfuckers money if he giving it away" - Senator Clay Thompson
VCs gave money away, so we spent it. These companies usually need 1/10th of whatever money they get for the core product (in all sincerity, a lot of them need no money, but that's a whole different story few would cop to). Money spent on everything else is, well, everything else.