Re:Always the Same Warning Signs
by eapressoandcats on Wednesday June 14, 2023 @02:05PM
(#36329967)
Lots of Biotech stuff does fine, and plenty of tech startups are basically frauds (WeWork for example). I don’t think you can extrapolate that startup funding doesn’t work for Biotech.
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I'm not sure what makes WeWork a tech startup. Renting short term office space is not a high-tech endeavor. But it's true that there are plenty of tech startup frauds, like Nicola.
Re:Always the Same Warning Signs
by kneebonian on Wednesday June 14, 2023 @02:26PM
(#36330329)
Because we work isn't a short term office rental it is a company that aims to "revolutionize global consciousness" which is clearly a growth industry.
Revolutionizing global consciousness sounds more like a religion or something, but whether it was a, uh, niche religion or a real estate company, surely neither of those things is tech.
Tell that to Softbank
Their argument paraphrased from the failed S-1
https://www.vox.com/recode/2019/8/14/20804029/wework-ipo-tec...
Re:Always the Same Warning Signs
by d0gsg0w00f on Wednesday June 14, 2023 @08:41PM
(#36334933)
FWIW, the WeWorks I've worked in have better tech than most traditional offices I've worked in. The printing and room booking experiences are pretty great.
I’m sure there are other great examples, but WeWork doesn’t really seem like one; they were a real estate company, right? Cryptocurrency stuff maybe could be a better example though.
Re:Always the Same Warning Signs
by ravi-delia on Wednesday June 14, 2023 @02:28PM
(#36330367)
I feel like Crypto generally delivers on what it promises in terms of technology. If I go to investors to found Holebucket to produce the worlds first bucket manufactured with a one inch hole straight through the bottom, it isn't exactly hard to accomplish my goal. Crypto startups have a product, it's just a really dumb product. But Theranos for instance just straight up never had a product in the first place.