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The first and main takeaway is this: Companies which receive VC funding are not profitable. They would run out of money if they wouldn’t get the VC funding. So
by dec0dedab0de 3y ago
The first and main takeaway is this: Companies which receive VC funding are not profitable. They would run out of money if they wouldn’t get the VC funding. So the news announcement that your company MagicalUnicorn received VC funding is actually not a message of success, it’s rather a confession of failure.
I remember when a small company I worked for was super excited to announce how much of a loan they got. I took that as a sign to clean up my resume.
- aidanlister 3y agoContrarians are so funny, everything is a hammer. A bunch of very smart bankers have spent an enormous amount of time doing due diligence on the company you work for and they think that the risk is low and repay-ability is high … but the contrarian always knows better. To them this is a sign that the end is nigh, and they rejoice in the feeling of their beautiful superiority.
- dec0dedab0de 3y agoThe company was sold in less than a year, everyone laid off 6 months after that, and the equipment was all shut down within 3 years of that announcement. But your right, I'm sure the 5 shareholders and the bankers did fine for themselves.