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There was a Tumblr blogger su3su2u1, a physicist, who was all over these guys: > I reached out to an investor in impossible startup I had talked about previous
by davidgerard 10y ago
There was a Tumblr blogger su3su2u1, a physicist, who was all over these guys:
> I reached out to an investor in impossible startup I had talked about previously. Had a long phone call today, in which he explained to me he didn’t invest because he thought they’d ever be a viable business. He invested because he thought between their pitch/charisma and the names of the investors backing them they’d be able to get several rounds of funding, and he’d be able to cash out.
That is: for VCs in the present climate, "find a greater fool" counts as a business plan.
It's about now that front-end web devs who are good with JavaScript should be stocking up on tinned food.
(He's since deleted his Tumblr, but the text is still in my reply to him: http://reddragdiva.tumblr.com/post/129387704618/conversation-with-an-investor http://reddragdiva.tumblr.com/post/129387704618/conversation... )
- geomark 10y agoI think this right here is why some VC's are so rabid about criticism of startups they've invested in. For a while now it's looked like a lot of pump-and-dump behavior.
- Jerry2 10y ago>He's since deleted his Tumblr After some searching, it appears all his posts are archived here: https://drive.google.com/file/d/0BwzdZTHqha9tQWFZdkw3QkRUbkU/view https://drive.google.com/file/d/0BwzdZTHqha9tQWFZdkw3QkRUbkU...
- woah 10y agoDoes uBeam use javascript?