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0 pointsheavenlyblue2y ago0 comments

They didn't raise half a billion dollars, they were valued at half a billion.

0 comments

From the article:

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Most notably, the company enjoyed a generous infusion from Japanese investment firm SoftBank, which injected a whopping $375 million into the startup in 2018. By the end of its lifespan, Zume had raised as much as $445 million.

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They actually nearly raised half a bil.

rafram2y ago

Yeah, the headline’s wording implies valuation, but that’s actually the amount they raised. Who knows how they managed to spend it. That’s a lot of Bali offsites and kombucha on tap.

m-ee2y ago

My current company was somewhat involved with them as a supplier I think, before my time. They never had robotic pizza trucks, they were just regular pizza trucks with an app. They hired so many engineers they loaned some out to my company because they had no idea what to do with them.

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