NOW THAT MOVIEPASS IS DEAD, CAN WE PLEASE START FUNDING SENSIBLE BUSINESSES?

Ding dong, the completely unsustainable witch is dead. As we reported earlier today, MoviePass is shutting down. It leaves behind a few now-useless cards, and several major VC funds out of pocket to the tune of $68.7M. Make no mistake, this was a completely predictable turn of events. For over a year, MoviePass has struggled with cash-flow struggles, primarily because it had an utterly doomed business model. In short, it sold a product (movie tic...

TheNextWeb.com (Date:09/14/2019 03:21) Read full article >>

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