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The size of these investments is just crazy. When I worked at a startup from 1999 on we were fighting for a few million here and there and money came in small s
by Ididntdothis 7y ago
The size of these investments is just crazy. When I worked at a startup from 1999 on we were fighting for a few million here and there and money came in small steps. Now it seems a lot of them immediately get hundreds of millions. Seems there really is just way too much money floating around looking for investment opportunities.
- netsharc 7y agoIt seems so. I really need to make that dumb app I've had in mind! The idea isn't original but hey it seems people will throw money at it anyway. As a bonus it won't abuse the underemployed nor will it fuck travellers, homeowners and destroy cities by messing with their housing market.
- maest 7y agoRepeat founders have huge advantages when it comes to raising funds, regardless of how "dumb" their idea seems to sideline observers. I believe this is partially beacause investor's don't have very strong priors about what works and are happy to delegate that decision to someone with a track record. Incidentally, this model also explains why VCs tend to herd around the same investments - it's notorious how, once you get one VC interested, they all suddenly become interested.
- dclusin 7y agoMoney probably isn't hard to find if you co-founded a company thats currently worth $46b on a bad day (which it is for Uber rn).
- ycombonator 7y agoThe magic of money supply ie Quantitative Easing.