Beepi Winding Down After Burning Through $150M
1–10 of 64 posts
Re: Beepi Winding Down After Burning Through $150M
#2Founded in 2013, winding down in less than four years. There's a lesson about burn rates here.
Re: Beepi Winding Down After Burning Through $150M
#3[deleted]
Re: Beepi Winding Down After Burning Through $150M
#4Paywall workaround
https://www.facebook.com/l.php?u=https://www.wsj.com/article...
Re: Beepi Winding Down After Burning Through $150M
#5Sad to see them go, there are so many things wrong with the way Americans are treated when buying and selling a car. Even though I work for a company in the same space it was great to have a company like them around to keep us on our toes.
Re: Beepi Winding Down After Burning Through $150M
#6Founded in 2013, winding down in less than four years. There's a lesson about burn rates here.
How the hell do you burn through $37.5M a year? It's a used car marketplace? How...?
Re: Beepi Winding Down After Burning Through $150M
#7How's Shift doing?
Re: Beepi Winding Down After Burning Through $150M
#8Re: Beepi Winding Down After Burning Through $150M
#9There's an instructive lesson here in how both valuation and annual run-rate are meaningless numbers without a sound fundamental business underneath.
Beepi was valued at $500MM and had an almost $200MM annual run-rate, yet evaporated and is now worth absolutely nothing.
Who else out there has 9, 10, or even 11-figure valuations and high revenues but is actually a worthless business?
Re: Beepi Winding Down After Burning Through $150M
#10How's Shift doing?
I hope they're doing well. We got a car from them few months ago, it was so much better than going to the dealer.