News for hackers. Stuff that matters.

A comment on Lime shuts in 12 markets, lays off around 100. Parent comment

Re:Lime shuts in 12 markets, lays off around 100 by Reedx on Thursday January 09, 2020 @02:11PM (#22004383)
It seems that a lot of VC is a multivariate ponzi scheme of sorts, which might explain some of it. If they're making fees regardless, then they just need to show/push fast initial growth to attract more layers of investment and it doesn't necessarily need to make long term sense.

Chamath Palihapitiya describes this here: https://www.youtube.com/watch?v=NVVsdlHslfI

[ Parent | on HN ]
Re:Lime shuts in 12 markets, lays off around 100 by ibeckermayer on Thursday January 09, 2020 @03:42PM (#22005468)
Wow, thank you. This guy decisively describes what I’ve been yammering to my friends about since moving to SF and learning about this industry.
[ Parent | on HN ]
Re:Lime shuts in 12 markets, lays off around 100 by nikajon_es on Thursday January 09, 2020 @02:48PM (#22004860)
I was there for this, and starting at the 09:30 mark it was exactly what I was thinking about when I read the headline.
[ Parent | on HN ]