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As someone trying to raise right now, I am very concerned that this is going to implode the entire industry. An Uber collapse will set off a panic as people won
by api 10y ago
As someone trying to raise right now, I am very concerned that this is going to implode the entire industry. An Uber collapse will set off a panic as people wonder who else is swimming naked. It will also tank the return on any VC fund of which it is a part, leading to a whole round of terrible VC returns.
- ChuckMcM 10y agoA clear business model that works is the best defense here.
- api 10y agoYes and no. The problem is that panics affect the entire market and have cascading follow-on effects. Not only does this affect fund raising but it also affects the entire tech economy, and thus the ability to convert new customers if your customers have anything to do with the tech economy. We are fine if we can't raise more, so I am not panicked... just concerned.
- tomblomfield 10y agoI think the swing in VC herd-mentality happened about 18-36 months ago. There was a palpable shift from "prioritise growth above all else" to "let's think about about unit economics".
- vbtemp 10y agoFYI this comment has been quoted by The Atlantic... https://www.theatlantic.com/technology/archive/2017/03/uber/520302/ https://www.theatlantic.com/technology/archive/2017/03/uber/...
- sjg007 10y agoThat's amazing.. I also think it is quite funny when reddit posts become news.