All these startups that can only survive because of years and years of VC funding with the promise of a future payoff, which only seem to come in the form of an acquisition, seem like pretty bad business ideas.
If the investors lose, the company doesn’t make money, the employees are working in a legal gray area and underpaid while using their own personal property to prop up the business… it’s not great.
If the founder/owner made made money and everyone else is getting screwed, that’s not a business, it’s a scam.
oh, yeah. the gig economy and the startups that exploit is genuinely awful. Can’t say I feel bad for the duped investors, though. They invested in a genuinely shitty company. so. heh.
It was a sound business idea though. Just a shitty investment idea.
The owners/founders made shitloads off it (at the expense of investors.)
All these startups that can only survive because of years and years of VC funding with the promise of a future payoff, which only seem to come in the form of an acquisition, seem like pretty bad business ideas.
If the investors lose, the company doesn’t make money, the employees are working in a legal gray area and underpaid while using their own personal property to prop up the business… it’s not great.
If the founder/owner made made money and everyone else is getting screwed, that’s not a business, it’s a scam.
oh, yeah. the gig economy and the startups that exploit is genuinely awful. Can’t say I feel bad for the duped investors, though. They invested in a genuinely shitty company. so. heh.