3 ms·
It’s a turgid fantasy that you can predict, buy, and incubate the next big thing reliably. If that were true, there would be no failed VC’s.
by bitumen 9y ago
It’s a turgid fantasy that you can predict, buy, and incubate the next big thing reliably. If that were true, there would be no failed VC’s.
- kbenson 9y agoAs ggg9990 noted, is not about discovering them when they are small and cheap and making money on the market increase, it's about buying them when they are got and making money on the execution of the business. Facebook isn't the VC company, Facebook is who those companies hope to sell to later.
- ggg9990 9y agoFacebook doesn’t need to predict — they can buy when it’s already big. They are able to monetize users much better than random startup social network so they are able to pay much more per engaged user than the company could get from VCs or the public market.