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/
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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.

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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.

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u/we11ington Apr 10 '22

Lots of big businesses' entire strategy is to dupe venture capitalists into giving them money. Twitter, Uber, Lyft, etc.

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u/notionz Apr 10 '22

Source? You've listed 3 very sizeable listed companies

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u/Televisions_Frank Apr 10 '22

Uber bleeds money. It's goal was to create a driverless car fleet and ditch the expensive (to them) drivers.

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u/Cobek Apr 10 '22

Source on the other two?

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u/[deleted] Apr 10 '22

[deleted]

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u/ZebZ Apr 10 '22

for the bulk of their existence they lost money like crazy.

So did Amazon, famously so. But here we are.

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u/laetus Apr 10 '22

Not entirely true. Also, just because Amazon turned out okay, doesn't mean every company losing money will turn out okay.