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Re:Ask HN: How did 0G Labs raise a $35M pre-seed round for "... by nradov on Wednesday April 03, 2024 @10:44PM (#39926017)
0G Labs has apparently raised a $35M pre-seed funding round with no product, no customers, and no real team. Their press release and web site looks like a bunch of random buzzwords strung together: web3, blockchain, AI, dapps. Am I missing something or is this some crazy bubble?
Re:Ask HN: How did 0G Labs raise a $35M pre-seed round for "... by WeldCAD on Thursday April 04, 2024 @12:19AM (#39926481)
I feel very stupid not having the slightest idea of what they do
Re:Ask HN: How did 0G Labs raise a $35M pre-seed round for "... by WeldCAD on Thursday April 04, 2024 @12:24AM (#39926502)
But also,

"A key part of 0G’s success is due to the unique team members holding a wealth of experience across Web3, technology, finance, and more. The leadership team has built up previous careers at prestigious firms such as Microsoft, Bain, Bridgewater Associates, Harvard Business School, Stanford, and IDEO. The members have launched various unicorn companies raising over $200 million and employing more than a thousand people."

Re:Ask HN: How did 0G Labs raise a $35M pre-seed round for "... by aurareturn on Thursday April 04, 2024 @01:05AM (#39926740)
Like all crypto projects. it's a scam.
Re:Ask HN: How did 0G Labs raise a $35M pre-seed round for "... by nradov on Thursday April 04, 2024 @09:57AM (#39930457)
How does the scam work? Is it just a simple pump-and-dump by the investors or something more sophisticated?
Re:Ask HN: How did 0G Labs raise a $35M pre-seed round for "... by aurareturn on Thursday April 04, 2024 @11:52AM (#39931986)
Did you see the money in their back account or wallet?