What 'Ted Lasso' gets wrong about venture capital

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Keeley Jones, a model turned girlboss who runs a public relations firm, steps into its office to find it a ghost town. The furniture has been hauled off. Employees clear out their desks into boxes.-laden fashion, asks her chief financial officer what's going on.

This bombshell might be particularly surprising to anyone who knows a thing or two about how venture capital works.of"Ted Lasso," which follows an American football coach as he attempts to turn around a struggling English soccer team, has been panned for its overlong episodes, cartoonish characters, and unruly plots — none as implausible as the saga of Keeley's PR agency.

Investors seek out businesses that can reach a large market of potential buyers, with the hope it will generate hundreds of millions of dollars in revenues. Long-term, they need the company to go public or sell to a buyer so they can sell their shares at a mark up and return money to their investors. Even Edelman, the world's largest PR firm, cracked $1 billion in revenue after 70 years in business only last year.

 

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