But let's give the VCs of the round the benefit of doubt, and hope the raise is tied to KPIs and long term value creation.
Will somebody ask question about 10 Million spent later on? Would be curious how that works. My guess would be that only the overall result counts, so if you happen to increase the 1 billion (by whatever metric used) enough, nobody will care about "some dozen millions" spent on some non performing companies.
Maybe that's totally wrong. At least I know a guy working at internal revision at a bank and 1 Million missing from the books is a big deal there.
I do realize that the head line is misleading and nobody spent millions on this particular company. From what I have heard over the years such things do happen, though.
to be fair, the fact they show precise revenue data through their public API is interesting: https://polsia.com/api/public/live/dashboard
Seems like you can ask Polsia about Polsia. The zero-arr.vercel.app AI investigative journalist interviewing Polsia could be this generation's Frost/Nixon.
it doesn't deny any of the stats and cites none of it is secret as it's all published on the public dashboard
at the same time, churn is expected for such a company, doesn't mean it's not a real business, especially as AI gets better and margins improve... I think their business model is real
probably worth 30MM too since market is untapped, cost of user acquisition is much less than average profit per user and if one of the businesses actually takes off, they have 100% vendor lock-in and take 20% off the top
What a world we live in!
Hand-authored system default HTML with 5 lines of CSS for formatting would be just fine.
