[notahacker]

Feels more like a classic late 2010s bubble "tech" business.

A business model that's been around for years, is minimally affected by tech, the guy proposing to build a "tech company" out of it is a self-dealing conman and the VC's exit strategy is presumably to achieve rapid growth by selling below cost price before offloading to greater fools who think the advantage over incumbents is a tech moat, not VCs underwriting losses

[mbg721]

Being in the business of extracting oil from snakes is one way to fail, but that doesn't mean there isn't a viable market there.