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[-] Dhs92@programming.dev 12 points 5 days ago

How is it still a startup if it's worth almost $14b

[-] Architeuthis@awful.systems 13 points 5 days ago

If you never come up with a marketable product you can remain a startup indefinitely.

[-] Soyweiser@awful.systems 10 points 5 days ago* (last edited 5 days ago)

Also calling yourself a startup makes it a lot easier to abuse your naive young techworkers. "This is just how things go with a startup mindset, your partner and kids will be fine you saw them last month"

E: another startup thing (saw Eat Just from the vatmeat thing did this, but also see Trump/Musk as notable examples), just dont pay or pay your suppliers extremely late.

[-] swlabr@awful.systems 10 points 5 days ago

It's probably worth 14B in the way a fire that you feed 14B of cash into is worth 14B

[-] Soyweiser@awful.systems 7 points 5 days ago

Yeah that we just go "this is what the stocks are worth if we sold them all now" never feels correct as a valuation of companies for me. It is all so illiquid.

this post was submitted on 13 Dec 2024
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