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There was a comment yesterday about how investors only operate by FOMO ("fear of missing out"). Once you convince one, many more will follow. That's one reaso
by seiji 11y ago
There was a comment yesterday about how investors only operate by FOMO ("fear of missing out"). Once you convince one, many more will follow.
That's one reason this go-nowhere, do-nothing startup had so many investors: https://www.crunchbase.com/organization/clinkle https://www.crunchbase.com/organization/clinkle — it's all psychological games ungrounded in any sense of reality. Once you have one name brand investor on board, the other investors basically abdicate their entire decision making ability.
If you've ever been turned down by a16z, you can legitimately go around saying investors think less of you than they think of clinkle.