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I also found it illuminating how quickly the investors wanted to just dump the entire thing, which would have almost certainly left all the businesses in the lu
by eeeeeeeeeeeee 8y ago
I also found it illuminating how quickly the investors wanted to just dump the entire thing, which would have almost certainly left all the businesses in the lurch, like we see with so many companies these days, especially in the valley.
People seem to forget that the VCs are hidden from the blowback of those cut-and-run decisions, so it's easy for them to make those flippant recommendations. It is the executives who will be publicly shamed for cutting and running and that reputation will follow them and likely catch up to them.
Good on Sahil for sticking it through and getting out of the bubble and realizing that chasing money is not the path to happiness.