Hail Mary round.
http://techcrunch.com/2013/07/16/path-is-raising-50m-at-a-50...
Definitely. They were looking For $50 Million and a lead investor in July.
Path Closes $25 Million Funding, Led by Indonesia’s Bakrie Global Group
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Re: Path Closes $25 Million Funding, Led by Indonesia’s Bakrie Global Group
#12What an utter waste of capital.
They're the highest iOS grossing social network in Indonesia.
Re: Path Closes $25 Million Funding, Led by Indonesia’s Bakrie Global Group
#13Re: Path Closes $25 Million Funding, Led by Indonesia’s Bakrie Global Group
#14In Path's position what would you do with this capital?
Take the money and invest it in Bitcoin.
Re: Path Closes $25 Million Funding, Led by Indonesia’s Bakrie Global Group
#15Re: Path Closes $25 Million Funding, Led by Indonesia’s Bakrie Global Group
#16Earlier quoted context omitted.
Can you explain your reasoning behind this?
Because Path is almost certainly in a death spiral, based based on the layoffs and talent exodus. Because their CEO is Dave Morin, who hasn't done himself any favors by sounding like a huge douchebag [1]. Because they're a social media app on the wane, which is as good as a dead social media app. http://www.vanityfair.com/culture/my-phone/2013/03/dave-mori...
Re: Path Closes $25 Million Funding, Led by Indonesia’s Bakrie Global Group
#17Funding tip for failing startups: when all the domestic investors have cottoned on to the fact that you're full of shit, just go abroad to find someone who's gullible and has a lot of money.
Re: Path Closes $25 Million Funding, Led by Indonesia’s Bakrie Global Group
#18Re: Path Closes $25 Million Funding, Led by Indonesia’s Bakrie Global Group
#19Re: Path Closes $25 Million Funding, Led by Indonesia’s Bakrie Global Group
#20I guess I'm part of the small minority who love Path. It's my favorite app, I use it almost every day. I use it strictly with my immediate family - my brothers, sister, their spouses and my parents. I barely have time for Twitter, I don't use Facebook, but I use Path. Their pitch about deeper connections and about being real and authentic rings true to how we use it. I'm quite disappointed to watch them flounder.