this post was submitted on 23 Mar 2026
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[–] baggachipz@sh.itjust.works 122 points 2 days ago* (last edited 2 days ago) (3 children)

$100 million Series B led by Bain Capital Crypto

The article paints some glowing picture of success and excellence from this move, as if VC doesn’t expect some huge return on investment from a service which hasn’t made a dime. “They’ll make money on premium subscriptions and business services”…. Right, ok.

“We’re rolling out tasteful, relevant, safe ads” in 5…4…3…

[–] expr@piefed.social 22 points 2 days ago

My brother works for a company acquired by Bain. They are every bit the vulture capitalists bleeding companies into lifeless husks.

[–] panda_abyss@lemmy.ca 25 points 2 days ago (1 children)

I could see running a service to host blue sky services for governments and companies being a good compromise.

You don’t need $100M to do that.

[–] borth@sh.itjust.works 16 points 2 days ago

But then how will the CEO get that $25-50M bonus? Won't someone think of the poor CEOs...

[–] dan69@lemmy.world 2 points 2 days ago

Upvote not bc of the response but the fact that the meme fits strongly