The scooter company that raised 400M in 4 months is what is wrong with SV

Re:The scooter company that raised 400M in 4 months is what ... by maym86 on Sunday July 01, 2018 @12:58PM (#17436365)

I think large companies and industries outside of Silicon Valley waste money internally on projects that never see the light of day. I think one of the big differences with SV is it's all on show for the world to see exactly how the money is being bet.

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Re:The scooter company that raised 400M in 4 months is what ... by bartread on Sunday July 01, 2018 @01:14PM (#17436440)

This comment is spot on.

A scooter sharing startup? Yeah, I'm pretty sceptical. But I too have seen projects at least as ridiculous funded by various companies I've worked for - honestly, I think it happens all the time. There's one in particular that I really want to name but sadly I just can't.

The difference, as you've said is that these things are not shown in the full light of day, and the amounts involved (particularly with respect to revenue and worth of companies) are often hard to determine at best for outsiders even for projects that are known about[1].

[1]There are, of course, exceptions. This, recently posted by LGR, is a particularly bizarre example in many ways: https://www.youtube.com/watch?v=dv6UaHZxUys.*

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