zlacker

>>waxpan+(OP)
No amount of manifestos, bills of rights, public benefit designations, PR campaigns, taking VC funding, not taking VC funding, not selling out or whatever the hell else we want to talk about can make up for one simple fact – a company needs to bring in more money than it costs to run. Ello tried for 8+ years but could not manage to do that.

This post is focusing solely on the VC funding aspect and proclaiming it as the cause for failure but ignoring the fact that Ello was dead in the water regardless of it. The company had no users and no business model. Heck a reasonable amount of ethical advertising may actually have done some good for the community and helped the product survive.

>>paxys+k02
>Ello tried for 8+ years but could not manage to do that.

Ditto. Retrospectively it seems a fiasco from the start. I wonder why investors bought it and Talenthouse.

Maybe investors in the first round were hoping to find some suckers in the future and offload the "business" to them.

But what about the final buyers? Didn't they smell anything wrong? You got to ask how did they make the money they lost on Elo / Talenthouse in the first place.