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It stopped being cool hiring 10 engineers and a nice space in San Francisco, burning $250k / month. Or maybe there's so _much_ VC money that it's someone's job
by avisser 7y ago
It stopped being cool hiring 10 engineers and a nice space in San Francisco, burning $250k / month.
Or maybe there's so _much_ VC money that it's someone's job to invest _all_ of it. And you can't do that $250k at a time.
Someone surely is incentivized to make these investments outside of any long-term payback. Perhaps they fear investors will take their millions back if it stays fallow too long?
- onlyrealcuzzo 7y agoI think a reason these valuations "seem" out of line to most people is because there is simply so much money sloshing around. No one has time to write million dollar checks anymore. Almost anyone who has that much capital has so much capital that it doesn't make sense. More and more capital is focused on a smaller and smaller sets of companies.