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Fred's Storm Clouds are not just about higher valuations and investor competition, but about the unsustainable speculative behavior, with "investing without due
by leelin 16y ago
Fred's Storm Clouds are not just about higher valuations and investor competition, but about the unsustainable speculative behavior, with "investing without due diligence" as a prime example.
That suggests startup land is filled with a few fake gold rushes, and in any gold rush, those who deal in oxen and wagons tend to do well. Maybe the oxen dealer here is Google Adwords, StumbleUpon, and anyone else that allows you to buy your traffic to temporarily juice Alexa / Compete results (I've heard enough anecdotes to know plenty of people advocate this tactic).
I wonder which startup will turn out to be the big Madoff Startup?
- jim-greer 16y agoWhile there may be some unsustainable speculative behavior going on, I doubt any startup with reputable VCs on the board would do anything close to what Madoff did. Even the dot com crash was mostly about bubbly ad revenue and selling to the bigger fool, not massive fraud.
- deleted 16y ago[deleted]
- j_baker 16y agoI would imagine that we'd actually be looking for the Madoff VC. What's more interesting to me is to figure out which company will be the new Lehman Brothers or Enron.