• baggachipz@sh.itjust.works
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    23 hours ago

    $100 million Series B led by Bain Capital Crypto

    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…

    • panda_abyss@lemmy.ca
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      23 hours ago

      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.

      • borth@sh.itjust.works
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        21 hours ago

        But then how will the CEO get that $25-50M bonus? Won’t someone think of the poor CEOs…