this post was submitted on 13 Dec 2024
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SF tech startup Scale AI, worth $13.8B, accused of widespread wage theft (archive.md)
submitted 1 week ago by [email protected] to c/[email protected]
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[–] [email protected] 0 points 1 week ago (2 children)

How is it still a startup if it's worth almost $14b

[–] [email protected] 0 points 1 week ago (1 children)

It's probably worth 14B in the way a fire that you feed 14B of cash into is worth 14B

[–] [email protected] 0 points 1 week ago

Yeah that we just go "this is what the stocks are worth if we sold them all now" never feels correct as a valuation of companies for me. It is all so illiquid.

[–] [email protected] 0 points 1 week ago (1 children)

If you never come up with a marketable product you can remain a startup indefinitely.

[–] [email protected] 0 points 1 week ago

Also calling yourself a startup makes it a lot easier to abuse your naive young techworkers. "This is just how things go with a startup mindset, your partner and kids will be fine you saw them last month"