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What 'Ted Lasso' gets wrong about venture capital

 1 year ago
source link: https://finance.yahoo.com/news/ted-lasso-gets-wrong-venture-090000835.html
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What 'Ted Lasso' gets wrong about venture capital

Melia Russell
Fri, June 9, 2023, 6:00 PM GMT+9·5 min read
Juno Temple as Keely Jones is a model turned entrepreneur with a venture-backed public relations firm.
Juno Temple as Keeley Jones is a model turned entrepreneur with a venture-backed public relations firm.Apple TV+
  • Warning: There are spoilers ahead for season three of Apple TV+' hit show "Ted Lasso."

  • Keeley (Juno Temple) starts her own PR agency with funding from an elite venture capital firm.

  • Her investor ends up pulling funding and shutting down the agency, which would never happen.

In the 10th episode of the third season of Apple TV Plus' hit comedy "Ted Lasso," 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.

Flabbergasted, Keeley, in her signature campy, pink-laden fashion, asks her chief financial officer what's going on.

"The board of the VC have decided to pull funding," the employee explains. "They're shutting down KJPR."

This bombshell might be particularly surprising to anyone who knows a thing or two about how venture capital works.

The third and final season 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.

Juno Temple as Keely Jones is a model turned entrepreneur with a venture-backed public relations firm.
Juno Temple as Keeley Jones.Apple TV+

This season saw Keeley step out of her relationship with a footballer and into the role of chief executive officer. She's the founder of a public relations firm, Keeley Jones Public Relations or KJPR, with the ultimate Barbiecore office that features bubble gum walls and a large ceramic jungle cat.

The money to run the shop, Keeley explains in the season premiere, comes from an elite venture capital firm. Strangely, Keeley had never met the investor, Jack Danvers, who wrote the check. Flush with cash, Keeley hires a staff that includes three boomers in full business attire. To her dismay, the venture firm installs a chief financial officer to keep watch over the agency and its freewheeling founder.

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