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Big money raises for warm new companies are essentially more interesting to journalists than uninteresting business developments. We cover them enthusiastically (Forbes known as Holmes the ânext Steve Jobsâ), which permits these companies in flip to boost additional cash. Some corporations even get to the purpose of publicly listing with great fanfare, then flopping because the share worth sinks â usually on the day they launch. Itâs a pattern thatâs occurred too many times to say, but we still fall for it.
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Yes, the corporate appears to have exaggerated or invented many of its claims. But there are a range of tech-first firms truly doing miraculous issues within the subject of medication and diagnostics. Tech overpromises, and tech coverage typically too readily repeats unlikely claims.