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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.
Re:Always the Same Warning Signs by AlexandrB on Wednesday June 14, 2023 @02:13PM (#36330104)
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.
Re:Always the Same Warning Signs by bee_rider on Wednesday June 14, 2023 @02:34PM (#36330478)
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.
Re:Always the Same Warning Signs by wbl on Wednesday June 14, 2023 @04:01PM (#36331743)
Tell that to Softbank
Re:Always the Same Warning Signs by fullshark on Wednesday June 14, 2023 @04:33PM (#36332193)
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.
Re:Always the Same Warning Signs by bee_rider on Wednesday June 14, 2023 @02:18PM (#36330187)
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.