What are people's thoughts? Legit or another case of investors being sheep and simply following the lead?
I mean I get it.. the CEO is very qualified and sold a company in the same space. But just the money he has raised already exceeds the last sale. It is hard to believe that they have any ONE competitive advantage over Amazon considering the amount of years amazon has been around and just how advanced their logistics are.
Any validity here or are things like this bad signs of a potential bubble...?
We don't know if those investors received common stock or preferred stock laden with things like liquidation preferences, hidden dividends and board seats.
I mean I get it.. the CEO is very qualified and sold a company in the same space. But just the money he has raised already exceeds the last sale. It is hard to believe that they have any ONE competitive advantage over Amazon considering the amount of years amazon has been around and just how advanced their logistics are.
Any validity here or are things like this bad signs of a potential bubble...?