The good old “make a tech startup with a gimmicky product idea, get millions in VC for some reason, create an underwhelming product that was never meant to be any good, then get bought up by a big company that will sit on the IP and never do anything with it” strategy of making money.
This is the part I don’t understand. Pretty much everyone agreed these would be terrible products and yet these companies somehow drum up tens of millions of dollars in investments. How?
The good old “make a tech startup with a gimmicky product idea, get millions in VC for some reason, create an underwhelming product that was never meant to be any good, then get bought up by a big company that will sit on the IP and never do anything with it” strategy of making money.
You’re literally describing venture exit. Once the asset reaches the desired value, you sell your part and hop. Rinse repeat.
Obviously not the case for most of us wagoids
Then stop sitting on yo ass and unionize
This is the part I don’t understand. Pretty much everyone agreed these would be terrible products and yet these companies somehow drum up tens of millions of dollars in investments. How?