> only bringing in $2M a year
Surprise, surprise. Startup burning through venture capital while actual 'revenue' is smoke and mirrors. We've seen this movie before.
Surprise, surprise. Startup burning through venture capital while actual 'revenue' is smoke and mirrors. We've seen this movie before.
Edit: Privco predicts company will fail soon http://www.privco.com/privcos-2013-private-company-predictio...
I guess Foursquare could actually serve as an example supporting the validity of that insane strategy... They're trying to actually make money, and found that there just isn't much money to be made with what they're doing, and now nobody wants to buy them either.