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Everybody in the startup community could explain why LivingSocial was doomed from the start five years ago. It's only the East Coast naifs investing great wealt
by WildUtah 11y ago
Everybody in the startup community could explain why LivingSocial was doomed from the start five years ago. It's only the East Coast naifs investing great wealth of other people's money that are in any way astonished.
I wouldn't consider that a cautionary tale for anyone but easily conned New York investors.
- brainflake 11y agoI sense some bias in your comment, I just can't put my finger on it...
- kasey_junk 11y agoI love the idea that it is the New Yorkers who are financially naive. Like what kind of upside down narrative is that? "Ha Ha let's go fleece some of those hayseeds from NYC. Rubes & their money are soon parted when they start playing with the big boys!"
- rajacombinator 11y agoYes but in startup investing it really is true - east coast people just don't get it.
- kasey_junk 11y agoHmm, what about the living social story implies that? I for one came out of the square IPO thinking "why do those bay area companies keep getting fleeced by I banks?"