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|User Info||The Grand Fraud of 2019; entered at 2019-04-15 10:12:19|
Registered: 2007-06-26 Philly P.a.
I was a little late to the party in 98-99. I was putting a VC deal together for a marketing platform and remember going to all the VC get together and seeing the business plans with no break even point and no profitability. The plan I was working on was month to month profitable in about 2 years. I saw some plans forecast out 5-8 years and a constant burn. I was probably a bit optimistic but I could not fathom how people invested millions into something that was simply going to burn money till exhaustion forever...