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I tend to value people's bets based on what they're willing to risk on it. All of this idle surface speculation doesn't do much for me. Particularly non-insight
by tim2 19y ago
I tend to value people's bets based on what they're willing to risk on it. All of this idle surface speculation doesn't do much for me. Particularly non-insightful.
- ivankirigin 19y agoHow could you bet against an overvalued private company? Are VC funds ever publicly traded?
- tim2 19y agoYou can always wager your reputation, or at least make some definitive claims that can be held against you if you end up being wrong. "Some companies with high valuation will tank" is neither informative nor original advice. It's beating up on an easy target without adding anything new.
- ivankirigin 19y agoThis was pretty specific: "companies who make widgets for Facebook are not worth anything close to $500,000,000."
- tim2 19y agoIt's not about what the company does now. It's about what they're going to do in the future. Tons of profitable companies have humble beginnings. So really there's not much to discuss here without more information.
- ivankirigin 19y agoI agree with your last thought, but let me just point out that there is absolutely nothing humble about the kinds of companies in question. It's explosive growth built upon ephemera.