this post was submitted on 23 Mar 2026
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The article paints some glowing picture of success and excellence from this move, as if VC doesn’t expect some huge return on investment from a service which hasn’t made a dime. “They’ll make money on premium subscriptions and business services”…. Right, ok.
“We’re rolling out tasteful, relevant, safe ads” in 5…4…3…
My brother works for a company acquired by Bain. They are every bit the vulture capitalists bleeding companies into lifeless husks.
I could see running a service to host blue sky services for governments and companies being a good compromise.
You don’t need $100M to do that.
But then how will the CEO get that $25-50M bonus? Won't someone think of the poor CEOs...