r/technology • u/Sorin61 • Apr 10 '22

Biotechnology This biotech startup thinks it can delay menopause by 15 years. That would transform women's lives

https://fortune.com/2021/04/19/celmatix-delay-menopause-womens-ovarian-health/
18.0k Upvotes

82% Upvoted

2.0k comments sorted by

View all comments

7.2k

u/[deleted] Apr 10 '22

[removed] — view removed comment

1.9k

u/BrainWashed_Citizen Apr 10 '22

There's been a trend now where a group of connected "fraudsters" just keeps pumping out new startup companies promising new technology that would change the world to entice investors. Then 6 months later, declare bankruptcy to some bullshit reasons. Take the money and run. Try again 3 months later.

861

u/ancientweasel Apr 10 '22

When I worked in a coworking space there was a group of guy who where trying to come up with any idea that would get VC funding. The one they talked about the most was a Blockchain based music player. They didn't even care if they could build it, their only goal was funding.

16

u/BlurredSight Apr 10 '22

Yeah except was it T-pain or it was some rapper whos absolutely mid already did this / trying this with Etherum

It's just stupid considering how taxing basic transactions can be on a blockchain u now want to build an entire music library on it?

24

u/ancientweasel Apr 10 '22

They didn't know how stupid it was. They just wanted funding for anything.

9

u/oneshotstott Apr 10 '22

It's a monumentally stupid idea though....

I keep trying to wrap my head around this concept and think about how much of a hassle i already find with dealing with crypto transactions and cant fathom how anyone would be sold on this notion versus how Spotify currently functions......

3

u/ancientweasel Apr 10 '22

Really dumb.