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You know that Schrödinger guy? The one with the cat box? Well, he had a second box. What's in it? Nobody knows! But as long as you don't open it, it could be
by ksherlock 10y ago
You know that Schrödinger guy? The one with the cat box? Well, he had a second box. What's in it? Nobody knows! But as long as you don't open it, it could be anything (dutch tulip bulbs, $1 billion flooz, rare beanie babies... the mind simply reels!)
Wirecutter opened up their box and there was revenue and a business plan inside. That's nice I guess but now their box is worthless.
- qwrusz 10y agoGreat comment! This is one of the best descriptions I have read on VC investing and startup valuations. If true, doesn't it imply VCs hand over millions without knowing details of a company and founders can benefit from delaying going public..Oh, well whaddya know
- blunte 10y agoI think that's the problem - so many startup investors are people who accidentally got rich off some impossible or meaningless event that they think magic|luck|mystery is what makes more money. At least with Beanie Babies, you knew exactly what you were getting. A Beanie Baby couldn't pivot.