Anything to do with VCs or these tech unicorns or whatever the fuck is literally a scam I swear to god
A scam with some extra steps
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They just raise a bunch of capital so they don't have to worry about profit for a while
I wouldn't say it's scummy so much as it is a new business strategy
And it only works in bull markets
Vcs are gone during high interest rates
Ah yes, please give us money to pay ourselves salaries as we develop this business
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It generally works
Yes our business strategy is to misclassify employees pay them dogshit and get rich
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Bruh most big eSports teams are not profitable and they follow the exact same shit. EG doesn't profit.
Doordash is not profitable but eventually they think they will be. That's why investors keep investing.
Like the technology and demand still isn't there but they have to be projecting that eventually yeah they will profit.
Just like Complexity or shit. They project. It's all fake bullshit but some might work
i got an A in a differential geometry class 10 years ago but retained none of it.
there was llike 6 students and the teacher was this 100 year old russian guy. i vaguely recall the term frenet frame.
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I'm studying how to use a ultrasonic detection thingy.
I know how to use it. It's not rocket science. Yet I'm forced to memorize all this bullshit that I will immediately forget after I finish the final test
This is effectively it. How much money they spending now (blue) vs return (red)
They project that at x point (green circle) they will be profiting type shize
Atleast they're employing a lot of people ig
No I think the blue just goes up as the red goes up in perpetuity to avoid taxes
If there truly was no profits equity owners wouldn’t be getting rich off these apps
sure I agree, the guy bullshitting to continue getting funding has to show something. They are trying to reach that cross point
Pog 19 users Alive Website
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In Real Deal Real Life Business, which I’m sure you understand since you run esports teams and try to make money out of it, the concept of taking what revenue you do have and reinvesting the “profits” back into the business to generate revenue is a real thing however what I am saying is if you or I were to do that, we also wouldn’t pay ourselves a large salary and continue to say the business was unprofitable, we likely would just literally not pay ourselves at all
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I think while 2018-2019 were the best years, this is certainly the second peak of the forum. Glad to be a part of it.
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