I'm just thinking about how many $500k to $1mm seeds could have helped founders get their ideas off the ground in lieu of these debacles.
17,700,000,000
17,700 at $1mm
35,400 at $500k
That's a lot of ideas getting fuel and a lot of people being put to work. Even if you filter through for high quality ideas and teams, this is still a better use of those funds.
WeWork was a bad idea from the start. Uber is a great idea without a functioning (profitable) business model.
As an entrepreneur, this kind of news drives me batty.
17,700,000,000
17,700 at $1mm 35,400 at $500k
That's a lot of ideas getting fuel and a lot of people being put to work. Even if you filter through for high quality ideas and teams, this is still a better use of those funds.
WeWork was a bad idea from the start. Uber is a great idea without a functioning (profitable) business model.
As an entrepreneur, this kind of news drives me batty.