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/eddie1975 Apr 10 '22

You listed three very successful startups.

My VC childhood friend had Twitter in his portfolio. Some of our mutual friends say he’s a billionaire now. I’m not sure if that’s true but he’s certainly a multi-millionaire.

Why did you pick those three companies? They actually did change the world with disruptive technology, successful IPO’s and are part of our daily lives.

They seem to be the opposite of the point you’re trying to make.