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The thing is I don’t think investors got deluded, I think investors new exactly what they’re doing. They were hoping some greater fool would take the investment
by corporateslave5 7y ago
The thing is I don’t think investors got deluded, I think investors new exactly what they’re doing. They were hoping some greater fool would take the investment off their hands
- ivanche 7y agoThat's not investing, that's speculation.
- matwood 7y agoThe greater fools in the case of We being the public market. The rejection of the We IPO was a win against this ridiculousness.
- chii 7y agoin which case, how many other companies have "fooled" the public, but just skirted the line enough to not trigger this level of checking?
- PopeDotNinja 7y agoI remember VCs investing in Cash4Gold when that was being hyped, presumably because it was growing stupid fast. [1] I think that qualifies as a we-are-a-tech-cuz-website company. What VCs mostly look for is growth. Some silo themselves into niches (e.g. enterprise software), but I reckon that any company with high growth potential would be fair game. [1] http://www.nagellen.com/2009/12/high-tech-venture-capital-firms-back-cash4gold/ http://www.nagellen.com/2009/12/high-tech-venture-capital-fi...