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Some of these are acquires so it's hard to argue the money was 'burned'. That said I do agree acquired companies can be viable as the product usually gets put
by siliconc0w 9mo ago
Some of these are acquires so it's hard to argue the money was 'burned'. That said I do agree acquired companies can be viable as the product usually gets put on life-support or ruined/shutdown (like Club Penguin)
- foobiekr 9mo agoA lot of acquisitions are tech and talent and the details matter. A startup that gets acquired for $30M after burning $70M is definitely burned.
- raincole 9mo agoEven the products got eventually shut down I still don't think the money was necessarily 'burned.' Most buildings eventually fell or got destructed so were all the resources spent on construction burned? But whether a product actually helped the users is a question too nuance to ask.