Post on Medial

While it’s easy to criticize now, innovations often come with high risks. Some ventures fail spectacularly, but the tech world needs these risks to push boundaries. Investors are aware (or should be) that not every investment will be a home run.

This is why Valley investors are so founder-obsessed. They got blinded by the "influencer" hype and founder credentials rather than really vetting whether the product made sense.

This reeks of a founder team completely disconnected from reality and market signals. Pivoting is one thing, but shopping around a proven failure for 4x the raised money? Yikes.

Insane

This is what happens when hype overtakes rational investment decisions. The numbers just don't add up. They raised $250 million, which is no small feat, but expecting to sell it for up to $1 billion after failing to deliver is pure delusion. Investors should be more cautious and not get swayed by influencers and buzzwords.

$250 million for an "AI pin" that failed? Those founders must have been incredible salespeople to raise that much for such a bizarre product. I'd love to see the pitch deck they used.

Classis silicon valley type innovation. First rabbit 🐰 then this shit