And yet companies losing barrels of money get their "I'm even more in debt now" VC posts upvoted as news.
The current situation creates an asymmetry, and that distorts how people think business is done, which in turn distorts how people think business _should_ be done.
I think it's fair to have posts about businesses that don't have to burn through their own lifeblood to try and change enough to finally make some money. That's _way_ more normal.
>And yet companies losing barrels of money get their "I'm even more in debt now" VC posts upvoted as news.
Does this happen that often? The only times I can recall are when they are already really large companies and the comments are usually filled with people talking about how ridiculous it is.
Almost all companies doing post-series-B are losing money at the time they finalize the round. While only some of the deals are explicitly structured as debt or debt-like (although, more and more, it seems), they are all pretty similar on a balance sheet. They are selling something which hurts the business as-is in order to get cash, to pump into a system that isn't making money.
At the end of the day, the celebration is predicated on a denial of the business realities these companies are faced with.
Now, in terms of how _frequent_ these posts are on hacker news... not as frequent as they used to be, for sure. But when they do pop up, nobody is saying it's not really news. That's my whole point.
The current situation creates an asymmetry, and that distorts how people think business is done, which in turn distorts how people think business _should_ be done.
I think it's fair to have posts about businesses that don't have to burn through their own lifeblood to try and change enough to finally make some money. That's _way_ more normal.