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Trying to run a publicly traded company like a VC bonfire - what could possibly go wrong.
by usrusr 3y ago
Trying to run a publicly traded company like a VC bonfire - what could possibly go wrong.
- plagiarist 3y agoWhy would they even IPO if they are bleeding money as fast as they were? Was it one of those SPAC pyramid scams just to get fresh money from people?
- gmerc 3y agobecause early VCs wanted someone else to hold the bag
- delfinom 3y agoThe fact that people still don't understand that this is what any IPO is about is funny and sad.
- qwytw 3y agoWell because profitability was just a few years away according to their prospectus. Which to be fair wasn't that inaccurate. Had they stopped expanding like crazy for a year or so the company would've been profitable (with minimal damage to their core product, if not the other way around).