> I don’t know who needs to hear this but raising a ton of money is not success.
You don't raise this much money this fast without having some success to show the investors.
Oxide raising this much money is a big accomplishment.
You don't raise this much money this fast without having some success to show the investors.
Oxide raising this much money is a big accomplishment.
I’m pretty sure the dotcom bubble had many counterexamples
https://en.wikipedia.org/wiki/Webvan
>Bankruptcy
>The company lost over $800 million and shut down in June 2001, filing for bankruptcy and laying off 2,000 employees.
>Reasons for failure
>CNET named Webvan one of the largest dot-com flops in history.
So what might look like success in this environment might look very different if the bubble pops.
Obviously Oxide has a ton of experience on its side but it's so opaque where any of this goes that even they can't read the tea leaves.