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This is a very low-quality post and an even lower-quality thread. Stop to think. Sequoia have the best track record in the industry. Is it likely they're comple
by gruseom 16y ago
This is a very low-quality post and an even lower-quality thread. Stop to think. Sequoia have the best track record in the industry. Is it likely they're completely fucking stupid? Because that's what follows if these snarky comments have merit.
Man am I thankful I have something awesome to do with the rest of my day.
- JarekS 16y agoI'm sorry - do you think that people on Wall Street were stupid when they were creating CDS and pumping huge speculation bubble around subprime mortgages? I think that we have enough evidence that smart people make mistakes - actually much bigger and more expensive mistakes then anyone could have expected.
- pluies_public 16y agoWhat mistake in Wall Street? They were bailed out. They're even better off than before.
- pg 16y agoThe two cases are different. The guys manufacturing credit default swaps had someone to sell them to. But (unlike in the 90s) there is no one buying lame startups for billions of dollars.
- msy 16y agoIf they flip or IPO this joke before it all goes wrong they'll make money. Doesn't mean it isn't a mockery, it just means they're riding the bubble.
- pg 16y agoYeah, I agree with you. This is the kind of thread that makes me worry about HN.