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Technically you are right. Still it's a long-term pump and dump game. VCs praise their investments to the utmost (which is their job and because their believe
by thinbeige 9y ago
Technically you are right.
Still it's a long-term pump and dump game. VCs praise their investments to the utmost (which is their job and because their believe in their investments) but mainly to attract more investors (pump) and at some point to find potential buyers (dump) where you can exchange retail investors with dumb corporations.
- pas 9y agoIntent matters. If they promote it, and honestly believe in it, and want to cash out at an IPO, then it's just good old investing. You don't have to think it's the best thing ever. Or that it'll surely work. But you can still think that it's a pretty decent investment, high risk, high expected payout.
- gcb0 9y agonot really. they will have to prove they could see a profitable exit. which in this case is dubious since there were other companies doing what they promoted years ahead of them and all had the same outcome. I could try to sell you a magic goose and I can really believe it will lay golden eggs any time now. interested? I even have ten of them myself!
- pas 9y ago> other companies doing what they promoted years ahead of them and all had the same outcome. of course not exactly the same thing, not in the same environment. sure, comparisons are important, but it's not beyond reasonable to doubt that for some stated reason soundcloud will be different. and they're not dead [yet]. (I'm not affiliated with them anyhow, and I too think that their UI is pretty shit.)