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There has been speculation that Lala was losing money and needed an out. So the service might have been close to its end anyhow. But I do agree that I dislike
by rwhitman 17y ago
There has been speculation that Lala was losing money and needed an out. So the service might have been close to its end anyhow.
But I do agree that I dislike the attitude of build to flip. I think most of the startups from the pre-recession era that worked with this "go big & flip" ideal are now showing their cards though. When the business model is to keep raising money until you sell, after the VC runs out they head for the hills...