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It's easy to say in hindsight, but investors were taking a bet based on the little bits of promising information they had a decade ago. Both sides knew the risk
by gkoberger 7y ago
It's easy to say in hindsight, but investors were taking a bet based on the little bits of promising information they had a decade ago. Both sides knew the risks, and that's the whole point – VCs and the company both believed they could make something happen, and it seems they weren't able to, and that's just how this works.
- bsanr2 7y agoThis is it. Everyone knew that it was a hedge to get in on the ground floor in case the technology blew up faster than anyone could predict. Nobody wants to be the person who missed out on the next Google or Facebook, especially Google or Facebook.