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This misses the point. The whole point of investing is that you are doing so based on potential. Regardless of what the current value is. In fact, the lower th
by mildbow 10y ago
This misses the point.
The whole point of investing is that you are doing so based on potential. Regardless of what the current value is. In fact, the lower the current value is the better!
The fact that the pendulum has swung too far doesn't mean the approach is spurious.
- rglover 10y agoFounders can invest their own money first, though. The only caveat is like some above who mention investments in research-level projects (not software startups). Depends on the company, but in the context of Zenefits they clearly blew the extra cash on nonsense.