xc2215xBluesky raises $100 M Series B as new CEO takes charge
$100 million Series B led by Bain Capital Crypto
The article paints some glowing picture of success and safety from this move, as if VC doesn’t expect some huge return on investment from a service which hasn’t made a dime yet. “They’ll make money on premium subscriptions and business services”…. Right, ok.
“We’re rolling out tasteful, relevant, safe ads” in 5…4…3…
My brother works for a company acquired by Bain. They are every bit the vulture capitalists bleeding companies into lifeless husks.