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Yeah I thought this all along. The company really was just ego stroking for Mr Billionaire. Note for all, he has enough cash to keep funding this himself. The
by Dave3of5 4y ago
Yeah I thought this all along. The company really was just ego stroking for Mr Billionaire. Note for all, he has enough cash to keep funding this himself.
The reality is now that economy is worse all the frivolous stuff like this is going to be cut.
- shapefrog 4y ago> The company really was just ego stroking for Mr Billionaire The modus operandi is to slap the "Virgin" brand onto a venture - lending the brand in return for some equity. If the dice roll between a 5 and a 9 he cashes out - every other outcome, someone else loses. Its not far off the Dragons Den model of venture capitalism, and seems to be somewhat of the basis for the Celebrity SPAC model.
- Nextgrid 4y ago> The modus operandi is to slap the "Virgin" brand onto a venture - lending the brand in return for some equity. I wonder why would a space company go for that deal? I understand if you're building some consumer-grade service and need the brand recognition, but if you're one of a dozen companies actually capable of going to space, who cares about the brand?
- MagicMoonlight 4y agoYou’re not capable of going to space, that’s why you need the money from investors