this post was submitted on 27 Jan 2025
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[–] [email protected] 116 points 3 months ago* (last edited 3 months ago) (9 children)

Unlike what the title would suggest, the "moving to Texas" part was basically immaterial to the company's failure.

They never had any product to ship to begin with and were basically subsisting on loans and venture capital money to continue bullshitting with a theoretical product. Add in some dodgy regulatory practices resulting in fines from the Government and questionable business practices. When the funding dried up, they withered like a sponge in the California (or Texas) sun.

[–] [email protected] 11 points 3 months ago (4 children)

perhaps the move to a human-hostile environment such as texas cost them some good employees.

[–] [email protected] 4 points 3 months ago

The person already said it wasn't because of that, no need to "perhaps" by disregarding the effort they went to.

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