2 ms·
VCs are fad-driven - they're sheep. It was amusing to see at least one major VC, Kleiner Perkins, implode funding clean tech in the last hype cycle, and now we
by redis_mlc 7y ago
VCs are fad-driven - they're sheep.
It was amusing to see at least one major VC, Kleiner Perkins, implode funding clean tech in the last hype cycle, and now we have self-driving vehicles.
https://www.wired.com/2012/01/ff_solyndra/ https://www.wired.com/2012/01/ff_solyndra/
What both categories have in common was that investors thought they could make money from something they couldn't even explain.