What's this funny money in the US that venture capitalists seem to endlessly throw around? Here in Germany we see the struggle by an air taxi company (Lilium) to raise 100 million even though they have an actual flying taxi. In the US just a cardboard cut out would be enough for the greater fools to shell out 100 million.
Always insightful, and perpetually entertaining. Ty Thomas!
Thanks for reading!
What's this funny money in the US that venture capitalists seem to endlessly throw around? Here in Germany we see the struggle by an air taxi company (Lilium) to raise 100 million even though they have an actual flying taxi. In the US just a cardboard cut out would be enough for the greater fools to shell out 100 million.
Lilium trades on NASDAQ and it raised new money last spring despite having no revenue.