Good post - agree, there is no where near enough progress on tangible enterprise value creation between raises...and i'm not referring to the repetitive 30, 60, 90 day result updates. I'm specifically referring to lack of progress on path to commercialisation. Once the sugar hit of industry superior results had worn off, the cash burn and lack of execution of a transparent commercialisation strategy makes it a very risky investment decision. This going it alone crap is ego driven rubbish killing value.
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