On August 07 2025 13:10 mindjames wrote:
Eh... I would take this with a grain of salt. It's super sensational and some of the information is very questionable.
A couple of quick examples:
That's not really how capital investment works. Those larger firms bought equity in FG, it's a completed transaction. It's not a loan - FG doesn't owe them money.
All of this is missing a time horizon. There are plenty of companies who technically aren't profitable for years and years - that's what being a startup is like. You have to find your audience before you can monetize hardcore.
It's true that the company could run out of funds, but there can also be additional funding rounds. Progress has been made, new arguments can be made for why the company is worth so and so. Investors could be convinced to back an entirely new project using the company's accumulated tech and assets.
To caveat: I'm not under any delusion that FG is kicking ass right now, but OP's language is more absolute than it should be, and it's not really that easy to determine a timeframe for when the company would have to call it quits.
Eh... I would take this with a grain of salt. It's super sensational and some of the information is very questionable.
A couple of quick examples:
That's not really how capital investment works. Those larger firms bought equity in FG, it's a completed transaction. It's not a loan - FG doesn't owe them money.
All of this is missing a time horizon. There are plenty of companies who technically aren't profitable for years and years - that's what being a startup is like. You have to find your audience before you can monetize hardcore.
It's true that the company could run out of funds, but there can also be additional funding rounds. Progress has been made, new arguments can be made for why the company is worth so and so. Investors could be convinced to back an entirely new project using the company's accumulated tech and assets.
To caveat: I'm not under any delusion that FG is kicking ass right now, but OP's language is more absolute than it should be, and it's not really that easy to determine a timeframe for when the company would have to call it quits.
They took a smallish loan ($2mil), even that is gonna be very challenging