Replies to post #108543 on DD Support Board and Research Team

[shajandr]

Wish I could say more about that. I din't see that WSJ comment, butt there is a reason that ZZZZBest is a good metaphor.

I other news, I see that the third-tier VC finally kicked former H.J. Meyers bucketshop pennyscam brokerage (defunct as of the late '90s due to lawsuits and the SEC) broker, Patrick Grady, to DaCurb after 15 years and over $400 million dollars of dumb VC munny wasted in his endless 'start-up'.

Patrick is a true dooshbag [sic]. He took the residue of a '90s Dotcom failure he pimped at HJ Meyers (Borealis - later renamed Portivity), and misappropriated their software into another company called Gazoo. He raised munny from dumb, third-tier VC with his bullshit (aka 'salesmanship and storytelling'). When time passed and the company was going nowhere, he'd just change the name - to Talaris, then to Rearden Commerce, then to Deem to cover the tracks of his abject failure.

FINALLY, the third tier VCs caught in the Gazoo/Talaris/Rearden Commerce/Deem tarpit woke up, finally realized Patrick was an assclown, and kicked him to DaCurb in April as a condition of the latest tranche of hopeless VC down round on his turd.

Sixteen years, over $400 million and nott a damned thing to show for it. It just shows how stupid some of those third-tier VC are - and how desperate they are to ever take a notable loss. They kept tossing more munny into the fire to avoid taking a clear loss - now the VC have taken over the C-suite and I bett they will try to merge that can of crap into some other entity to make it 'go away' so they will avoid the stain of a notable loss (hey, even $400M is a notable loss in the Bay Area playpen).

I predict that Deem will disappear in some quiet acquisition by another start-up funded by the same VC or their 'allies' (other VC groups they play with).

Don't know what ultimately will happen to Thanatos - that's a somewhat similar situation - third-tier VC who bet their careers and funds on this turd and now will do ANYTHING to avoid it being a notable loss. Even selling it to Labcorp or Quest at a huge loss obscured by earn outs or milestones so the headline on the PR will be "Thanatos Acquired by LabCorp in $4 Billion Deal" when 3.9 billion will be conditional milestones and earn outs that will never be fulfilled and paid.

This is one way the VC obscure their losers.

Patrick Grady will never be a player here again. He never should have been in the first place. Butt there is a lott of really, really dumb VC munny this cycle.