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Thibauld
@thibauld
It’s that time of year when my blood boils. Crowdfunding platforms are just bad, by design. StartEngine is living proof! Year after year, it raises money on its own platform at absurd valuations, targeting unsuspecting retail investors. Just look at that: * Revenues 2023: $23M * Net income: - $16M (yes there is a "minus") * Round valuation: .........1.4B 🤬 Because why not!! Every year they markup their own valuation (!!) to keep raising at higher and higher valuations. No professional investor in their right mind would invest at those valuations... but it's not a problem for them! They are a crowdfunding platform, they can raise from retail investors 🙄 Meanwhile, the CEO takes home more than $3M compensation (screenshot 1) per year in the form of $750K salary/ year + $2.5M in stock options... stock options that are then sold to retail investors once vested (screenshot 2)!! There you go! A nice "regulated" business 🤮 Founders beware: NEVER USE CROWDFUNDING PLATFORMS
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