I talked about it in one political thread or the other but back when I was doing lots of Chamber of Commerce kissing babies and shaking hands bullshit, these guys used to get speaking engagements everywhere about what an amazing company they were:That's not a good sign at all. :lol: Especially if it was from the Chinese Noveau Rich elite.
Within the context of the "obviously circling the drain" thing going on here, it's one of the standard stages. Both Theranos and WeWork pulled it several times.
Did they seriously announce that? :lol: Idiots. That only looks good to people who would believe things like, "People threw money at us, that means we know what we are doing, people never throw money at companies circling the drain, right?".
I'm assuming by investment you mean "sold a stake". Why a company on the cusp of releasing a product that gamechanging would need $5 million, especially at a stage where it looks like they are having a lot of trouble getting their product out, is a red flag. Considering they assured everyone it is "good to go". Just hasn't been manufactured yet. The updates constantly waffling between "the product is good to go" and "the delays just mean it will be more advanced" are not encouraging either. The product is good to go, it just hasn't been manufactured yet, but at the same time you should be thankful for the delays because it means the revisions are only getting more mindblowingly distilled?
Releasing an incredibly stupid overhyped product with an embarrassing ultra public development cycle touting something that isn't actually that good isn't actually that bad for a company. It's not knowing when to pull the plug on it that is more damaging. At this point we're at least 9-10 months past the "someone should have pulled the plug on this" stage.
And he'd show up every time talking about another $10 million here, $5 million there etc. and meanwhile it was like three guys working out of an incubator office at the college. They were selling software-as-a-service cloud computing and storage, which was a pretty big thing before it boomed the way it did, but the investor money never seemed to make sense with the actual nuts and bolts of what they needed to operate, nor did it keep pace with the lack of launching an actual product.
That's kinda what Mehtab, Engage, etc. all got into. The idea raising the hype and getting people to believe the hype enough to put in money without seeing an actual product is more important than the actual product. That infamous business profile on Mehtab actually spells that out, that's specifically what he claims he's good at.
Speaking of which, we have a refresher on which of these snake-oil peddlers is behind this one? I forgot, but I assume seeing marketing with Nolly, Plini and pushing product to the usual influencer network means it's one of the usual suspects?