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Startups are the penny stocks of the 21ht century. Buy 4% of a company for 40 M$, talk a lot about how this company is valued at 1 B$, wait until enought people
by NumberCruncher 11y ago
Startups are the penny stocks of the 21ht century. Buy 4% of a company for 40 M$, talk a lot about how this company is valued at 1 B$, wait until enought people belive it, make an IPO, take the money and run (a.k.a. pump and dumping). Would Jordan Belfort still be in business he would high probably be a VC.
- ekanes 11y agoYou might be right, except that very few are going public compared to historical numbers.
- segmondy 11y agoRight, but most VC's want an exit, acquisition or IPO. They are not in it for the next 20 years or so. They are waiting for the right market conditions. Which happens when the public really buys the hype and will spend their money buying up stocks after IPO. They can't go public preemptively.