maybe I’m bad at math but paying >5% of your capital raised for a single fine doesn’t seem great from a business perspective

If they are going to be making Billions in net income every year going forward, as many years as analysts can make projections for, and using these works allowed them to GTM faster/quicker/gain advantage against competitors, then it is quite great from a business prospective.

Yeah it does, cost of materials is way more than that if they were building something physical like a new widget or something. Same idea, they paid for their raw materials.

If it allowed them to move faster than their completion, I imagine management would consider it money well spent. They are expected to spend absurd amounts of money to get ahead. They were never expected to spend money efficiently if it meant taking additional months/years to get results.

Someone here commented saying they claimed they did not even use it for training, so apparently it was useless.

In that case, this was one of the most expensive no-ops in history.

It's VC money, I don't think anyone believes it's real money

If it weren't, why are we taking it as legal tender? I certainly wouldn't mind being paid in VC money

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