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A pretty classic story: ambitious tech company takes on loads of VC funding, scales up way beyond what is reasonable in expectation of future growth, then a sin
by WJW 3y ago
A pretty classic story: ambitious tech company takes on loads of VC funding, scales up way beyond what is reasonable in expectation of future growth, then a single poor product launch leads to an acute cash crunch at the same time that renewed funding has dried up due to rising interest rates.
It's a very traditional failure mode for overly ambitious people: after having a string of successes in the good times, they forget that there can also be bad times and so they take incredible risks because they cannot imagine failure anymore.
- the-dude 3y ago> A pretty classic story: ambitious tech company Tech company? I thought they were a fashion brand.
- hughesjj 3y ago"tech company" pretty much means "we take investor capital and have a mobile app or webpage" these days. Member WeWork?
- midoridensha 3y agoThey're both, just like Apple.
- WJW 3y agoApp-integrated electrical bikes sounds like technology to me. They also have/had a good branding effort going, but so does apple. I don't see why having a brand would disqualify them from being a tech company.
- the-dude 3y agoOh please. It has FSD? Otherwise maybe it can take a pulse reading through my butt? They are competing with bike manufacturers, which call themselves bike manufacturers and these manufacturers have been producing decent e-bikes for decades now. VanMoof is a fashion brand for hipsters. Always was.