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> This is a chronically unprofitable company and anyone who bought at the IPO price has just been exit liquidity. The VCs and founders who cashed out on IPO day
by surgical_fire 3y ago
> This is a chronically unprofitable company and anyone who bought at the IPO price has just been exit liquidity. The VCs and founders who cashed out on IPO day are the only winners in this failure.
So... They are a success story?
You basically described the whole startup grift.
- rvz 3y ago> So... They are a success story? I've already explained who's success story it is: > The VCs and founders who cashed out on IPO day are the only winners in this failure. For the rest of retail and new investors: > ...anyone who bought at the IPO price has just been exit liquidity. A business that has constantly raised VC cash before IPO and now still remains chronically unprofitable even after IPO and has being loaned more post-IPO debt doesn't seem to be a great business success story for the new investors holding the stock since it IPO'd. > You basically described the whole startup grift. Indeed. Let's see if any of these new startups will get access to VC cash whilst as easily as the old ones did, especially as most of them are still unprofitable.