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I love reading about bankruptcies. Whenever I see a restaurant go under, I'm always careful to read that sometimes sad, sometimes amusing letter they post on their door to customers.https://www.inc.com/graham-winfrey/loot-crate-bankruptcy-chapter-11.html …
How do you generate 116 million in revenue...and then go bust? They had 60 full-time employees. That's like a yearly wage roll of maybe 3-4 million? Looks like they underestimated customer churn (who the wants "loot" they didn't pick every month?) and overpaid on ads.
