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> I would make the case that calling SV and "dumb VC money" one in the same is perfectly appropriate in the context of an article written for a general audience
by abritinthebay 8y ago
> I would make the case that calling SV and "dumb VC money" one in the same is perfectly appropriate in the context of an article written for a general audience
Please do make that case, because its much easier to make the case that it's deliberately misleading to get clicks and make a headline than actually informative or accurate.
The general audience is quite capable of understanding "dumb rich people" vs "experienced venture capitalists".
- mcguire 8y ago"How did they get scammed?" "Because they're dumb rich people." "How do you know they're dumb rich people?" "Because they got scammed."
- rdlecler1 8y agoNo but thanks for putting words in my mouth. They were dumb because they clearly didn’t even bother to do basic due diligence. The fact that there were no other marquee VCs in on a $10b valuation should have raised some flags. It did not. And they weren’t taking a $100k punt. These were investments of tens of millions of dollars so you think that there would have been some basic technical due diligence. This is what I call dumb money. When a VC sees a huge valuation and the only other investors on the captable beyond the Seed/A rounds are celebrities, pension funds, SWFs, family offices and hedge funds they say: “we’re worried that this is the next theranos”