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Agreed. Maybe the existing investors are refinancing it. In that case they could be in the weird situation of having the perverse incentive (compared to a new i
by grizzles 11y ago
Agreed. Maybe the existing investors are refinancing it. In that case they could be in the weird situation of having the perverse incentive (compared to a new investor) of trying to salvage the valuation by throwing more bad money at it. Sunken costs fallacy in action.
- sjwright 11y agoExcept that Foursquare/Swarm isn't entirely valueless. Depending where you are on the planet, there can be a lot of great data in there — some of it particularly invaluable for not being intensely gamed like TripAdvisor/Expedia are. When I was traveling around Europe this year, in many places Foursquare recommendations were consistently accurate and of good quality. (My one wish: integrate Google Translate for tips! The locals' tips would surely be the most worthwhile to read.)