Re:Substack is laying off 14% of its staff
by throwawaypppu on Wednesday June 29, 2022 @04:48PM
(#31925513)
Similar to Pear Therapeutics that SPAC merge announced at $1.6B on about $500k revenue 12 months to date. Professional Analysts put stock target at twice first listing price. Had been around 10 years. Products in market for years. Market cap now $235M.Trading at or below cash.
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Re:Substack is laying off 14% of its staff
by prewett on Wednesday June 29, 2022 @06:54PM
(#31926695)
Wow, that reminds me of Agillion, a dot-bomb which got $40 million of VC investment and $20 million in loans and had "hundreds of dollars" in sales. Plus $200k the founder(s) paid for the code in the bankruptcy.
[1] https://www.dcpartners.solutions/2022/02/agillion-what-was-i...