3 ms·
As an investor, I would be seriously concerned with FOMO. Not on actually missing out on the next best thing - I would be worried that this phenomenon would le
by joejerryronnie 8y ago
As an investor, I would be seriously concerned with FOMO. Not on actually missing out on the next best thing - I would be worried that this phenomenon would lead me into bad investments because everyone else is doing it. In the current environment of overfunding, everyone looks like they are the next hot company. You need to look beyond the current trends and find something which matches your strategic vision of the future but has not received a huge amount of attention yet. It feels like the scooter space opportunity has already passed for seed investors.
- lpolovets 8y agoI definitely see this from inside the VC industry: half of the investors I meet think this category is dumb and doesn't have moats, and the other half have FOMO and want to bet on the space in case an Uber- or Lyft-sized company emerges from it. A 3% chance at a $50b company makes an investment decision rational even at crazy early stage valuations.
- eldavido 8y agoThe entire industry has FOMO. Look at valuations. The top investors will be fine because they get right of first refusal on all good deals. It's the lower ranks of angel investing/VC that's going to suffer. I think to be a great investor you have to be in it for the long term. Guys like Fred Wilson, they've been doing this 20-30 years and are reaping the rewards just now.