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submitted 1 year ago by Navarian@lemm.ee to c/technology@beehaw.org

An estimated $4 to $20 billion in value, what is he thinking?

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[-] stealth_cookies@lemmy.ca 5 points 1 year ago

VCs fucked up the tech industry when capital was cheap by investing in companies that showed potential for massive growth without caring for the viability of the business. Now capital is expensive and these same companies are now trying desperately to make a profit to become a sustainable business because the VCs aren't blindly giving them money anymore. This is exposing a lot of company's leadership teams incompetence.

this post was submitted on 25 Jul 2023
415 points (100.0% liked)

Technology

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