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> I wish we would see a reasoned explanation from the investors of why they put their limited partner’s money into Homejoy. "There's a 0.1% chance we could 10,
by visakanv 11y ago
> I wish we would see a reasoned explanation from the investors of why they put their limited partner’s money into Homejoy.
"There's a 0.1% chance we could 10,000x'd our investment. It might be the next Uber or Airbnb or [[insert_supposed_unicorn]]. You don't want to look like a dinosaur who missed out on the next big thing, do you? It'll only cost you a fragment of your $$. C'mon. For Glory! For Frodo!"
When it fails: "Eh, what can you do. Startups, amirite?"
- danieltillett 11y agoThis might be accurate, but it is hardly reasoned :)