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It was making 7 figures and now it's worth $0? If the investments from VC didn't lead to anything, wouldn't the company still make 7 figures anyway and shouldn'
by laurent123456 3y ago
It was making 7 figures and now it's worth $0? If the investments from VC didn't lead to anything, wouldn't the company still make 7 figures anyway and shouldn't it be possible to continue as it is?
- swyx 3y agoyeah def not the whole story being told. this wouldve at least been a nice acquihire for somebody if it were a valuable business. if this founder ran a 7 figure business into the ground with no cash shortage pressure he cant blame VCs for that.
- kasdi 3y agoSeems like it was an aqui-hire https://news.ycombinator.com/item?id=37103910 https://news.ycombinator.com/item?id=37103910
- ipaddr 3y agoNot when your employee costs grow larger than your profits. Making a million a year turns into -250k if you hire 5 extra VPs who offer no value.