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In other words, they had gotten the product on the shelves (somehow), but there was not yet any evidence that it would sell, when on those shelves. I don't have the data, but based on the number of reviews it acquired over the past 5 years on Amazon, it didn't sell well at all.pic.twitter.com/VV09BZdw5L
In early 2016, Roominate gets acquired by a company called PlayMonster, which as far as I can tell, is one of those retarded walking dead PE backed roll-ups that has little logic but a fat stockpile of cash. Playmonster either knew that the sales from Christmas sucked or were sopic.twitter.com/qRuJcSxKfe
stupid, that they decided to buy the company without having seen the sales from Xmas 2015. Was this was a backdoor deal, done between the original VCs and the PE people to keep the failure of the company quiet and to avoid marking the investment to market?
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