Lead Power Platform Developer with side hustle in Blue Prism. Passion for RPA and all things LowCode, back story in shadow IT with Excel/VBA/SharePoint and whatever I could get my hands on
And that's the stock market play, some one over pays for something, everyone thinks they must know something so they copy. The price goes up and they sell and make a killing. And like you said someone ends up losing, happens all the time.
You can't compare plays like that with normal business valuations, just like you can't compare the cost of your messy bedroom and Tracey Emins messy bedroom (look it up that was apparently art).
Yes, but once they do an IPO, and/or sell the company, it becomes a federal crime to inflate your community of users. Some years ago, some girl went to jail for more than a decade because of it. She was offering students help to navigate grants, and sold it to one of the big four (can't remember which, I think it was JP Morgan) - She got convicted to 10 years or something from it.
The paradox is that technically the VC firm becomes complicit once they IPO or exit too, so they're stuck with their bad investment and can never cash it in, at which point their only option becomes to sue the founder and CEO, hoping to get some of their money back.
This is not one of those cases that will just "magically disappear" and the VC firm will cover their loss. In the mean time SupaBase gets all the attention, destroying real companies ability to get attention and an honest evaluation of their product.
Kind of similar to another case you've probably heard about; Theranos ...
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And that's the stock market play, some one over pays for something, everyone thinks they must know something so they copy. The price goes up and they sell and make a killing. And like you said someone ends up losing, happens all the time.
You can't compare plays like that with normal business valuations, just like you can't compare the cost of your messy bedroom and Tracey Emins messy bedroom (look it up that was apparently art).
Yes, but once they do an IPO, and/or sell the company, it becomes a federal crime to inflate your community of users. Some years ago, some girl went to jail for more than a decade because of it. She was offering students help to navigate grants, and sold it to one of the big four (can't remember which, I think it was JP Morgan) - She got convicted to 10 years or something from it.
The paradox is that technically the VC firm becomes complicit once they IPO or exit too, so they're stuck with their bad investment and can never cash it in, at which point their only option becomes to sue the founder and CEO, hoping to get some of their money back.
This is not one of those cases that will just "magically disappear" and the VC firm will cover their loss. In the mean time SupaBase gets all the attention, destroying real companies ability to get attention and an honest evaluation of their product.
Kind of similar to another case you've probably heard about; Theranos ...