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0 pointspaulsutter8y ago0 comments

What's going on with raising $11M if it's pretty clear you don't have product market fit?

0 comments

It's people who don't know what they're doing playing with Monopoly money. I mean really; $11M+ for that site, which existed all of 7 months?! The start up scene boggles my mind.

austenallred8y ago

They didn't spend all of the $11m. Only a tiny fraction of it. And they worked on the site for two years.

EpicEng8y ago

Then why did they raise so much? How do you know how much the spent? And two years to build that site?

I'm not convinced any of this was well thought out.

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EpicEng8y ago

It's people who don't know what they're doing playing with Monopoly money. I mean really; $11M+ for that site, which existed all of 7 months?! The start up scene boggles my mind.

austenallred8y ago

They didn't spend all of the $11m. Only a tiny fraction of it. And they worked on the site for two years.

EpicEng8y ago

Then why did they raise so much? How do you know how much the spent? And two years to build that site?

I'm not convinced any of this was well thought out.

1 more reply

j / k navigate · click thread line to collapse