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Tim Draper said a lot of nice things about Holmes. What's up with that? He's making himself look like an idiot.
by atomical 8y ago
Tim Draper said a lot of nice things about Holmes. What's up with that? He's making himself look like an idiot.
- sparky_z 8y agoSomebody in another thread theorized that he's signaling to future business partners. "Do business with me and I will always publicly have your back, no matter what." Seems plausible to me.
- atomical 8y agoBut maybe hard-nosed entrepreneurs don't want to work with the village idiot?
- rdlecler1 8y agoIt would also signal to downstream investors: I don’t do my due diligence so don’t trust the companies I invest in. VC is a reputation market on both sides of the table so companies will want to take this into consideration.
- JackCh 8y agoMaybe he's stuck in the sunk costs fallacy. I've also heard that Tim Draper is an old family friend of Holmes; perhaps that is clouding his judgement.
- trendia 8y ago> Timothy Draper, the well-known venture capitalist, had been a neighbor when the Holmeses lived in California. The children played together. “I gave her her first million bucks to get the business going,” Mr. Draper says. “She totally blows me away with her vision.” [0] [0] https://www.nytimes.com/2015/12/20/business/theranos-founder-faces-a-test-of-technology-and-reputation.html?_r=0_ https://www.nytimes.com/2015/12/20/business/theranos-founder...
- jasonmp85 8y agoMaybe he is one?
- mhluongo 8y agoHe's not. The first time I pitched him, I was blown away by how quickly he understood our business. He thinks differently, but from what I've seen contrarian bets are a good way to succeed as a VC. He also doesn't care about looking a little kooky or cheesy... sort of refreshing vs the rest of the Bay. Disclaimer - He passed years ago, but he's an investor in our latest venture.