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They foucus on the dollar amount, but the startup graveyard of software companies who raised $50M or more by their series A or B that nobody will have heard of
by motohagiography 3y ago
They foucus on the dollar amount, but the startup graveyard of software companies who raised $50M or more by their series A or B that nobody will have heard of seems much larger. Movies and series seem pretty low risk by comparison.
A movie studio and a venture fund seem to have similar economics.
- advisedwang 3y agoA single Netflix show does not have the potential to end up with multi-billion dollar per-year recurring revenues. The potential upside on a startup is far far large. In addition, there are no low-risk startups. There are, however, relatively low risk films and TV shows to be made.
- jowea 3y agoDo they calculate the possibility that the show will start a decades long franchise?
- jjice 3y agoThis was directly blown without making the project. At least a VC funded startup would try (hopefully).
- wmf 3y agoMost of the money was spent on production. The embezzled money is a small part of the story.