My company sold for $100M and I got zilch – how can that be?

Re:My company sold for $100M and I got zilch – how can that be? by codesushi42 on Saturday October 26, 2019 @12:23AM (#21361703)

No you have it all wrong. Lyft, Uber, WeWork etc are burning money and failing spectacularly because they aren't software companies. They're too tied to traditional markets and their economics don't magically work out because they've tried to throw software into the mix.

We are at the inflection point where they are all about to crash and burn. Good riddance.

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Re:My company sold for $100M and I got zilch – how can that be? by vanniv on Saturday October 26, 2019 @12:38AM (#21361754)

Those companies aren't that different than the dot-com era companies.

"We're not $boring_business, we're $boring_business_but_internet" (or, today, it'd be boring but mobile)

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Re:My company sold for $100M and I got zilch – how can that be? by enra on Saturday October 26, 2019 @01:18PM (#21364930)

I think the difference is still that many dot-com era companies didn't have much or any revenues, definitely not in billions.

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Re:My company sold for $100M and I got zilch – how can that be? by vanniv on Monday October 28, 2019 @01:35PM (#21379340)

Yeah, it's true.

This cycle, investors realized that OK, maybe we have to see revenues to believe it's a real business.

But, if you look at things like WeWork, sure, there's revenue, but there's never even been the hope of eventual profit. The business model fundamentally destroys value.

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