“Startups burn through cash as they skyrocket in size and ambition, accumulating outrageous perks and office equipment along the way. Then they crash to Earth, with nothing but their private planes or massive 3D printers to pad the impact.”
Embark went public at $5.2 billion and its trucks hit the auction block 16 months later. Silicon Valley Disposition sells the furniture, the robots, and the jets with no delivery and no guarantees. It pays out 80% within a week because failed companies need the cash for severance.