Contrary to a popular media narrative, venture capitalists were not the ones who lost money on MoviePass' downfall. Retail investors were.
MoviePass, the embattled movie-ticket subscription service, shut down over the weekend after burning hundreds of millions of dollars. The service had become a joke in the industry for its unsustainable business model. Contrary to a popular media narrative, however, venture capitalists were not the ones who lost money on the startup's downfall.
MoviePass, the embattled movie-ticket subscription service, shut down over the weekend after burning hundreds of millions of dollars. The service had become a joke in the industry for its unsustainable business model. Contrary to a popular media narrative, however, venture capitalists were not the ones who lost money on the startup's downfall.
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