Today! 5pm EDT: Taking your questions about tech, especially if they're about careers. Share your question (DM or reply), and join in on the livestream on YouTube — what did you always want to know about how tech *really* works? https://youtube.com/live/bnWJxxczsB0
@molly0xfff@fediversereport@stefan I think their timing on this probably ended up screwing them on funding options, because they were likely in progress *before* the huge boom in signups, but closed after. Which means worse selection in funders, and worse terms, right before they would have otherwise had more leverage.
@laurenshof@stefan@molly0xfff yeah, fwiw I think the dollar amount here is probably the least concerning thing. they're easily on track to generate more than enough value to justify that. it's the everything else about vc that is more of an issue.
@stefan just a quibble, but venture funding is structurally a different financial vehicle than debt. they can sometimes function similarly, but it's incorrect at a technical level to equate them. (One key reason that it matters: it's generally illegal in most jurisdictions to have a debt that requires a return above ~1.3x, which would be abject failure for VC.)
Hey everyone! Tomorrow (Friday the 25th) at 5pm NYC time on YouTube, I'm going to try something I've been wanting to do for a while: answering your questions about the tech world from the perspective of someone who's been in many different roles over the past 2 decades. I'm especially interested in questions that can help folks with their careers! If you have a question you want answered, just reply or DM, along with whether you'd like to be anonymous or not. https://www.youtube.com/live/bnWJxxczsB0
I rarely use ride-sharing apps because they're destructive to public infrastructure I care about, but recently I had to use Lyft and YOU CAN'T USE IT ON THE WEB. Their website literally tells you to go get the app, so you can't use a desktop browser at all to access their platform. That is an absolutely *wild* choice, and even more absurd that it goes unnoticed in the current media/tech ecosystem.