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If reddit were to die how do you think it will happen?
(midwest.social)
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this post was submitted on 11 Mar 2024
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Asklemmy
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Well, they reached out to me (and many others on-platform) to buy shares in their IPO. Something-something contributor something.
Anyway, no VC worth half their salt will leave money on the table letting essentially the public buy equity at the same price as them.
So that's not a healthy sign for them.
Same. I was sent that email and deleted it. A bunch of garbage.
It's predatory garbage -- I've had some VCs as customers and I guarantee that if the IPO was expected to do well, they would not leave a dime on the table for contributors. Generally if you don't know who the bag-holder in these schemes is... chances are it's you!
I still help out people on Reddit, because a lot of foreigners don't know how to do things in my country (e.g. find medication they need) and that's where they ask. If it vanishes tomorrow, I don't really care though, haha.