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Previous stories: https://news.ycombinator.com/item?id=35025337 https://news.ycombinator.com/item?id=35025337 https://news.ycombinator.com/item?id=35053505 ht

Previous stories: https://news.ycombinator.com/item?id=35025337 https://news.ycombinator.com/item?id=35025337 https://news.ycombinator.com/item?id=35053505 https://news.ycombinator.com/item?id=35053505 Turns out they weren't able to buy a cruise ship.

yieldcrv 3y ago
sucks to have to rely on other people everything here seems on the up and up, just ambitious and from people without the network to support it unilaterally I think alot of people, including this community, have sold a dream of entrepreneurship that doesnt really apply to the have nots, using the faces of people that only pretended to be have nots. And that leads to outcomes like this, where entrepreneurs are entirely dependent on investors they have zero clout with that are more flaky and noncommittal than when the entrepreneur has a ton of their own capital already in.
- vkou 3y ago
  > everything here seems on the up and up, just ambitious and from people without the network to support it unilaterally Nothing about a brand-new cruise ship company that hasn't actually done a single cruise, doesn't actually have a ship, choosing to embark on a three-year voyage, on a rush-job retrofit vessel is 'on the up and up'. (While charging less than half of what their competitors would.) There are so many ways it can turn into a horror show. There's probably damn good reasons the investors flaked out.
  - I_Am_Nous 3y ago
    >There's probably damn good reasons the investors flaked out. The article mentions the ship they were previously going to use was decided to be "too small" but was also derided as allegedly unseaworthy. I'm sure the investors know more red flags than we do.
crazygringo 3y ago
That's crazy they were able to raise money and would accept payments without having the cruise ship purchase locked down. Like I can understand if there turned it to be unforeseen mechanical problems and necessary repairs hadn't been budgeted for. What I can't understand is how the company selling the ship turned around and decided to sell it to someone else for more money. EDIT: I read the article again more closely. Seems like it was actually their investment money that fell through, so they couldn't afford the ship. So the ship got sold elsewhere. Which, yikes -- you really want to guarantee you've raised that money first, before you start taking people's payments. No matter where the problem occurred, it seems horribly incompetent.
- jbverschoor 3y ago
  They postponed + changed the departure city twice. New CEO said they'd still go and that they'd bought a ship The CEO quit. CEO told people they'll cancel New CEO said sorry for "the inconvenience" COO made sure people understood what he meant. Blames the middle east (could've just blamed COVID for that matter). Now there are two spinoffs. One by CEO, one by another employee.

yieldcrv 3y ago

sucks to have to rely on other people everything here seems on the up and up, just ambitious and from people without the network to support it unilaterally I think alot of people, including this community, have sold a dream of entrepreneurship that doesnt really apply to the have nots, using the faces of people that only pretended to be have nots. And that leads to outcomes like this, where entrepreneurs are entirely dependent on investors they have zero clout with that are more flaky and noncommittal than when the entrepreneur has a ton of their own capital already in.

vkou 3y ago
> everything here seems on the up and up, just ambitious and from people without the network to support it unilaterally Nothing about a brand-new cruise ship company that hasn't actually done a single cruise, doesn't actually have a ship, choosing to embark on a three-year voyage, on a rush-job retrofit vessel is 'on the up and up'. (While charging less than half of what their competitors would.) There are so many ways it can turn into a horror show. There's probably damn good reasons the investors flaked out.
- I_Am_Nous 3y ago
  >There's probably damn good reasons the investors flaked out. The article mentions the ship they were previously going to use was decided to be "too small" but was also derided as allegedly unseaworthy. I'm sure the investors know more red flags than we do.

crazygringo 3y ago

That's crazy they were able to raise money and would accept payments without having the cruise ship purchase locked down. Like I can understand if there turned it to be unforeseen mechanical problems and necessary repairs hadn't been budgeted for. What I can't understand is how the company selling the ship turned around and decided to sell it to someone else for more money. EDIT: I read the article again more closely. Seems like it was actually their investment money that fell through, so they couldn't afford the ship. So the ship got sold elsewhere. Which, yikes -- you really want to guarantee you've raised that money first, before you start taking people's payments. No matter where the problem occurred, it seems horribly incompetent.

jbverschoor 3y ago
They postponed + changed the departure city twice. New CEO said they'd still go and that they'd bought a ship The CEO quit. CEO told people they'll cancel New CEO said sorry for "the inconvenience" COO made sure people understood what he meant. Blames the middle east (could've just blamed COVID for that matter). Now there are two spinoffs. One by CEO, one by another employee.