Carly you're spot on with the mind set silicon valley VCs perpetuate; hyper revenue growth at the expense of a sustainable operating model. The end goal is an acquisition to a PE firm or IPO at which point preferred shares will immediately be dumped on the open market. This is why > 50% of all IPOs have a market cap < their initial offering 12 months after going public. This culture is now maneuvering its way into the web3 and crypto space via premining / VC allocations. The cycle repeats itself.
Astute observation on newman. Taking an idea from 0 to $xB is exceptional, unique, and kudos to him for bringing the co-working model to the masses. His new company 'flow' raises serious ??? I can't actually figure out what the company does, what service is sold, or how they make $$$. No doubt the crypto space will be the back holders.
Great post and hopefully the YANG GANG can do something about this! :)
Carly you're spot on with the mind set silicon valley VCs perpetuate; hyper revenue growth at the expense of a sustainable operating model. The end goal is an acquisition to a PE firm or IPO at which point preferred shares will immediately be dumped on the open market. This is why > 50% of all IPOs have a market cap < their initial offering 12 months after going public. This culture is now maneuvering its way into the web3 and crypto space via premining / VC allocations. The cycle repeats itself.
Astute observation on newman. Taking an idea from 0 to $xB is exceptional, unique, and kudos to him for bringing the co-working model to the masses. His new company 'flow' raises serious ??? I can't actually figure out what the company does, what service is sold, or how they make $$$. No doubt the crypto space will be the back holders.
Great post and hopefully the YANG GANG can do something about this! :)
- John