Saw this from the moment they did the rfid nonsense, doubled down on my beliefs when they started burning cash on advertising like crazy. Tons of youtubers and such shill this shit
They had a series b round in 2023 of an undisclosed amount with several chinese vc companies and they’ve had investments in 2021 and 2022 as well. I don’t know how chinese vc works but I assume it’s similar to american vc where there is a strong demand from the backer(s) to monetize in this fashion
Why do you think reddit went to shit? Series b in 2014. Those people drop serious cash. Reddits seed round in 2005 at y combinator was for 100k. That’s serious money to you and me, but to vc people that’s not worth getting out of bed. Reddits 2014 series b was fifty million. They suddenly had a gigantic influx of cash to grow infrastructure and compete with the big dogs like meta and twitter. They were fairly successful with this. They then raised 1.2 billion over 4 rounds from 2017-2021. That’s why they had a relatively quick turn to shit; that money was to try to make the site bland and profitable in preparation for ipo. It worked out because the stock made investors a ton of cash at the expense of making the site dogshit
Bambu will have a similar trajectory. Investors will give them an amount of money that is frankly obscene, they will use that money to develop (and probably to party, ridiculous salaries and/or fluff jobs, and have really fancy offices), then they will actively make the product worse. 5 years from now they will have used that money to entrench themselves in the market space. Don’t be surprised if the average person thinks “bambu” when they think “3d printer” because they pissed away 10s of millions on advertising. But their printers will have more consumer hostile bullshit (finally fully locking out 3rd part filament instead of just requiring you to do a pain in the ass respooling seems inevitable) like this and it would not be surprising to see the build quality suffer too.
Saw this from the moment they did the rfid nonsense, doubled down on my beliefs when they started burning cash on advertising like crazy. Tons of youtubers and such shill this shit
They had a series b round in 2023 of an undisclosed amount with several chinese vc companies and they’ve had investments in 2021 and 2022 as well. I don’t know how chinese vc works but I assume it’s similar to american vc where there is a strong demand from the backer(s) to monetize in this fashion
Why do you think reddit went to shit? Series b in 2014. Those people drop serious cash. Reddits seed round in 2005 at y combinator was for 100k. That’s serious money to you and me, but to vc people that’s not worth getting out of bed. Reddits 2014 series b was fifty million. They suddenly had a gigantic influx of cash to grow infrastructure and compete with the big dogs like meta and twitter. They were fairly successful with this. They then raised 1.2 billion over 4 rounds from 2017-2021. That’s why they had a relatively quick turn to shit; that money was to try to make the site bland and profitable in preparation for ipo. It worked out because the stock made investors a ton of cash at the expense of making the site dogshit
Bambu will have a similar trajectory. Investors will give them an amount of money that is frankly obscene, they will use that money to develop (and probably to party, ridiculous salaries and/or fluff jobs, and have really fancy offices), then they will actively make the product worse. 5 years from now they will have used that money to entrench themselves in the market space. Don’t be surprised if the average person thinks “bambu” when they think “3d printer” because they pissed away 10s of millions on advertising. But their printers will have more consumer hostile bullshit (finally fully locking out 3rd part filament instead of just requiring you to do a pain in the ass respooling seems inevitable) like this and it would not be surprising to see the build quality suffer too.