>>98273177>2. What would have happened to Cover if they did not go public when they did?They would have collapsed and sold off to a bigger company that could afford to pay the initial investors.
Back BEFORE A-chan and Sora approached Yagoo, he was building a tech start up company. These types of companies try to make it big by developing the "next big thing" and then become a serious business like Microsoft, Apple, Samsung, etc.
The way these work is that privately, tech investors give them massive amounts of money for a share of the company's ownership, under the promise that they will sell and fuck off after an expected period of time. Whether they profit or loss is up to whether they made a good investment.
These investors however, since they "own" part of the company with their investment, cannot be paid with the company money itself.
So for example, if I invest 100$ into your company for 50% of the share, and then the company becomes worth 1000$ in the future. You CAN'T pay 500$ to me off the company bank, because I ALREADY own that money. You'd have to pay be 500$ from elsewhere for me to relinquish that hold I own in the company.
THAT, is where the public investors come in.
The tech bro investors called back their money and profits, and Yagoo had to find the money to pay them off from NON-HOLO sources.
There was no universe where Cover did not go public. Other than Musk or some JP richfag buying out everyone. But then that guy just becomes the new Yagoo.
