Defunct startups are pawning off their former employees conversations for up to $100,000, according to a new report.
  • Etterra@discuss.onlineEnglish
    2·
    3 days ago

    Some of them are selling to equity firms do be cannibalized and advanced/destroyed, or weirder, radically rebranded. For example:

    • Be eco-friendly, online shoe company
    • Overextend like crazy by buying brick and mortar stores
    • Go broke and sell for pennies on the dollar
    • Be different company
    • Buy failed shoe company
    • Change name completely
    • Pivot to AI computing leases
    • Somehow buy billions in already wait listed technology for inflated prices
    • ???
    • Wispy2891@lemmy.worldEnglish
      2·
      3 days ago

      I want to point out to other Lemmy users that this example it is not generic but it’s a real life example (allbirds)