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When is a Death Spiral not a Death Spiral? - When it is a Pipe
A new financial life support for crap companies like Versarien (VRS) today seems to have appeared in recent years in the form of an equity sharing agreement – lots of companies have done such deals with all the usual death spiral providers, hence the howls of “it’s a death spiral”. However, they are not new and there are key differences with the standard death spiral.