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maybe I’m bad at math but paying >5% of your capital raised for a single fine doesn’t seem great from a business perspective
by dkdcio 1y ago
maybe I’m bad at math but paying >5% of your capital raised for a single fine doesn’t seem great from a business perspective
- siliconpotato 1y agoIt's VC money, I don't think anyone believes it's real money
- deleted 1y ago[deleted]
- Aachen 1y agoIf it weren't, why are we taking it as legal tender? I certainly wouldn't mind being paid in VC money
- bongodongobob 1y agoYeah it does, cost of materials is way more than that if they were building something physical like a new widget or something. Same idea, they paid for their raw materials.
- ryao 1y agoIf it allowed them to move faster than their completion, I imagine management would consider it money well spent. They are expected to spend absurd amounts of money to get ahead. They were never expected to spend money efficiently if it meant taking additional months/years to get results.
- carstenhag 1y agoSomeone here commented saying they claimed they did not even use it for training, so apparently it was useless.
- ryao 1y agoIn that case, this was one of the most expensive no-ops in history.
- arrty88 1y agoIf they are going to be making Billions in net income every year going forward, as many years as analysts can make projections for, and using these works allowed them to GTM faster/quicker/gain advantage against competitors, then it is quite great from a business prospective.