@PVOZI’m sorry mate but some of your posts are moronic and a complete and utter brain drain.
Winedepot & Kaddy are both startups that came together at a similar point in their lifecycle. Both businesses identified a problem in the beverage industry, validated that the problem needs solving (if the larger competitors in the US aren’t enough business validation for you…), found product market fit and are now in the deployment, growth and scale phase which is often the most expensive and challenging if your end customer is ultimately changing their typical buying patterns. Like with all startups looking to scale (go read tech crunch/startup daily and familiarize yourself with how tech businesses grow), it can be expensive at first but is quick to snowball once enterprises realize the value-add from SaaS solutions. So, to your point about needing capital to fund growth, yeah, no shit - management have clearly stated no capital injections are required for the calendar year and a large pipeline of customers set to be onboarded will further ensure this.
Lucky for the amalgamated new-look DW8 (WD x Kaddy x Partons), it has already attracted some fairly large suppliers and customers, refer to the recent presentations for some names. Like I’ve mentioned before, there is a reason no larger suppliers have been announced (I.e. commercial sensitivities) however the potential of just one large name to completely transform the marketability of the platform is huge. It would literally be a no-brainer for trader buyers to use the marketplace if they can use one platform and order the majority of their beverages on offer (+ handle all the back office processes, BNPL lines of credit, etc).
Tech startups aren’t for everyone and you shouldn’t be using traditional valuation metrics. Especially that goodwill post on Reddit, I showed it to some of my colleagues in TMET Research and we were literally in tears laughing.
As I always say, tech investing is a contact sport, stick to the bleachers If you’re afraid of getting hurt, bud.
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