5 ms·
If past history is the only thing to go on you are correct. However there are quite a few level A players investing huge sums of money in this. I have to think
by BatFastard 10y ago
If past history is the only thing to go on you are correct. However there are quite a few level A players investing huge sums of money in this. I have to think they are paying attention.
- maxxxxx 10y agoI have Theranos as counterexample for the A player argument :). But my main question is: is there a an example where such an approach worked and revolutionized the industry? I can't think of any.
- Mtinie 10y agoI'm not exactly sure how to classify it. Would you consider early institutional investors in Microsoft, Amazon, or Facebook? Anecdotally I've heard that lots of VC firms passed on all three during their very early days, but I'm not convinced that those are good examples of completely new markets.
- Mtinie 10y agoOr, they are so afraid of potentially missing out on the next big thing that they are putting money towards the project in spite of any warning signs that are there.