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Lots of Biotech stuff does fine, and plenty of tech startups are basically frauds (WeWork for example). I don’t think you can extrapolate that startup funding d

Lots of Biotech stuff does fine, and plenty of tech startups are basically frauds (WeWork for example). I don’t think you can extrapolate that startup funding doesn’t work for Biotech.

rfgmendoza 3y ago
[flagged]
AlexandrB 3y ago
I'm not sure what makes WeWork a tech startup. Renting short term office space is not a high-tech endeavor. But it's true that there are plenty of tech startup frauds, like Nicola.
- kneebonian 3y ago
  Because we work isn't a short term office rental it is a company that aims to "revolutionize global consciousness" which is clearly a growth industry.
  - bee_rider 3y ago
    Revolutionizing global consciousness sounds more like a religion or something, but whether it was a, uh, niche religion or a real estate company, surely neither of those things is tech.
    - wbl 3y ago
      Tell that to Softbank
- fullshark 3y ago
  Their argument paraphrased from the failed S-1 https://www.vox.com/recode/2019/8/14/20804029/wework-ipo-tech-company-valuation https://www.vox.com/recode/2019/8/14/20804029/wework-ipo-tec...
- d0gsg0w00f 3y ago
  FWIW, the WeWorks I've worked in have better tech than most traditional offices I've worked in. The printing and room booking experiences are pretty great.
bee_rider 3y ago
I’m sure there are other great examples, but WeWork doesn’t really seem like one; they were a real estate company, right? Cryptocurrency stuff maybe could be a better example though.
- ravi-delia 3y ago
  I feel like Crypto generally delivers on what it promises in terms of technology. If I go to investors to found Holebucket to produce the worlds first bucket manufactured with a one inch hole straight through the bottom, it isn't exactly hard to accomplish my goal. Crypto startups have a product, it's just a really dumb product. But Theranos for instance just straight up never had a product in the first place.

Lots of Biotech stuff does fine, and plenty of tech startups are basically frauds (WeWork for example). I don’t think you can extrapolate that startup funding doesn’t work for Biotech.

rfgmendoza 3y ago

[flagged]

AlexandrB 3y ago

I'm not sure what makes WeWork a tech startup. Renting short term office space is not a high-tech endeavor. But it's true that there are plenty of tech startup frauds, like Nicola.

kneebonian 3y ago
Because we work isn't a short term office rental it is a company that aims to "revolutionize global consciousness" which is clearly a growth industry.
- bee_rider 3y ago
  Revolutionizing global consciousness sounds more like a religion or something, but whether it was a, uh, niche religion or a real estate company, surely neither of those things is tech.
  - wbl 3y ago
    Tell that to Softbank
fullshark 3y ago
Their argument paraphrased from the failed S-1 https://www.vox.com/recode/2019/8/14/20804029/wework-ipo-tech-company-valuation https://www.vox.com/recode/2019/8/14/20804029/wework-ipo-tec...
d0gsg0w00f 3y ago
FWIW, the WeWorks I've worked in have better tech than most traditional offices I've worked in. The printing and room booking experiences are pretty great.

bee_rider 3y ago

I’m sure there are other great examples, but WeWork doesn’t really seem like one; they were a real estate company, right? Cryptocurrency stuff maybe could be a better example though.

ravi-delia 3y ago
I feel like Crypto generally delivers on what it promises in terms of technology. If I go to investors to found Holebucket to produce the worlds first bucket manufactured with a one inch hole straight through the bottom, it isn't exactly hard to accomplish my goal. Crypto startups have a product, it's just a really dumb product. But Theranos for instance just straight up never had a product in the first place.