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by stingraycharles
1057 days ago
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This happens so, so often; companies raising too much money at too high a valuation, based on unrealistic “moonshot” expectations, which then fails and they’ll have to pivot and refocus and they’ll be a mere shell of their former self. Raising at too high a valuation is not a position you want to be in. Unless you’re planning to cash in sooner than the ship will start burning. |
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And further explanation on revenue https://www.youtube.com/watch?v=BzAdXyPYKQo