Cleantech startup Moxion Power lays off a third of its workforce

Re:Cleantech startup Moxion Power lays off a third of its wo... by MattGaiser on Sunday June 23, 2024 @03:16AM (#40765386)

> While this is a capital intensive business, if you cannot create a path to profitability after being handed 100 million I don't see how raising more money could help.

The past few years have proven this wrong. A lot of companies raised far more than that and just recently (relatively) became profitable. Uber, Tesla, and even going back a bit, Facebook.

100 million was a tiny amount of what was needed for them to become profitable.

The rest I agree with though.

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Re:Cleantech startup Moxion Power lays off a third of its wo... by blue-ox on Sunday June 23, 2024 @07:57PM (#40771625)

Thanks for bringing up some counterexamples. I want to point out that while Uber and Facebook raised massive amounts, they used the original capital effectively enough to produce business results convincing enough to secure new capital. This to me feels a bit more like Fast (https://www.businessinsider.com/stripe-backed-fast-is-shutti...)

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