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The court has since ordered the company to auction off the warrants it held in more than 1,000 of the startups that went through the accelerator program. Why s
by keepamovin 3y ago
The court has since ordered the company to auction off the warrants it held in more than 1,000 of the startups that went through the accelerator program.
Why should the startups be punished? I think in this case the interests of startup ecosystem should out do those of creditors. Is there no protection for that?? Seems nond to gut startups when an accelerator failed, agains the entire purpose.
Seems a great way to destroy economic value. Tho to be brutal a bag of startups is basically economic destruction anyway, on average as most of them fail...but I mean. In this case it's like precrime, they're killing them before they even have a chance. Not fair, not good!