3 ms·
> Do you really think VCs would invest $400 million & > Walgreens & Cleveland Clinic would do deals with this > company, that put people's health at ris
by peteretep 11y ago
> Do you really think VCs would invest $400 million &
> Walgreens & Cleveland Clinic would do deals with this
> company, that put people's health at risk & create
> massive liability, without diligence
Yes.
One way to help yourself swallow a bad decision is to look at all the other people also making it, and convince yourself that if they're doing it, it must be all right.
- monopolemagnet 11y agoInvestments in companies mostly make money evaporate as a standard practice. Large-scale investors gravitate towards big risk/big reward ventures which require significant capital because it's saves having to make a zillion angel-scale deals. Plus, it seems sexier with extra-awesome brownie points to go after something which may be r/evolutionary. PS: Color was a snausage clusterfuck of dbag, hubris behaviors that ruined the team (and the venture). Hopefully, that elicited a corrective learning experience.