4 ms·

Sequoia is not going to give $25 million away without good reason. It's just that folks like us can't see the good reason. Either the "good reason" is being h

Sequoia is not going to give $25 million away without good reason. It's just that folks like us can't see the good reason. Either the "good reason" is being hid from us for strategic reasons or Sequoia made a big mistake and the app/company is a dud.

URSpider94 16y ago
Sorry, but this is really terrible logic. I have first-hand experience with watching VC's pour literally hundreds of millions of dollars into a company that I was certain was never going to make it (and which has since been sold off for pennies on the dollar). All along, people kept arguing that I must be missing something, because people wouldn't invest that kind of money unless success was assured.
- dave1619 16y ago
  I'm not saying that the "good reason" will result in a proven product. I'm just saying in their perspective they have good reason to spend that amount of money. And also it's Sequoia and they're not stupid.
  - Cossolus 16y ago
    There's a name for "good reasons" that don't result in proven product. They're called "bad reasons".
dave1619 16y ago
Some positive articles about Color: http://battellemedia.com/archives/2011/03/why_color_matters_augmented_reality_and_nuanced_social_graphs_may_finally_may_come_of_age http://battellemedia.com/archives/2011/03/why_color_matters_... http://blogs.forbes.com/bruceupbin/2011/03/23/color-a-twitter-for-photo-and-video-launches-with-41-million/ http://blogs.forbes.com/bruceupbin/2011/03/23/color-a-twitte... http://networkeffect.allthingsd.com/20110323/with-41m-in-hand-color-deploys-new-proximity-based-social-network/?mod=ATD_rss http://networkeffect.allthingsd.com/20110323/with-41m-in-han... http://www.fastcompany.com/1742209/lala-founder-unveils-41-million-real-time-photo-sharing-app-called-color?partner=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+fastcompany%2Fheadlines+%28Fast+Company+Headlines%29 http://www.fastcompany.com/1742209/lala-founder-unveils-41-m...
itswindy 16y ago
Webvan, eToys, Pets.com and a gazillion million other sites got funded. But if Groupon is 'worth' $25 Billion

URSpider94 16y ago

Sorry, but this is really terrible logic. I have first-hand experience with watching VC's pour literally hundreds of millions of dollars into a company that I was certain was never going to make it (and which has since been sold off for pennies on the dollar). All along, people kept arguing that I must be missing something, because people wouldn't invest that kind of money unless success was assured.

dave1619 16y ago
I'm not saying that the "good reason" will result in a proven product. I'm just saying in their perspective they have good reason to spend that amount of money. And also it's Sequoia and they're not stupid.
- Cossolus 16y ago
  There's a name for "good reasons" that don't result in proven product. They're called "bad reasons".

dave1619 16y ago

Some positive articles about Color: http://battellemedia.com/archives/2011/03/why_color_matters_augmented_reality_and_nuanced_social_graphs_may_finally_may_come_of_age http://battellemedia.com/archives/2011/03/why_color_matters_... http://blogs.forbes.com/bruceupbin/2011/03/23/color-a-twitter-for-photo-and-video-launches-with-41-million/ http://blogs.forbes.com/bruceupbin/2011/03/23/color-a-twitte... http://networkeffect.allthingsd.com/20110323/with-41m-in-hand-color-deploys-new-proximity-based-social-network/?mod=ATD_rss http://networkeffect.allthingsd.com/20110323/with-41m-in-han... http://www.fastcompany.com/1742209/lala-founder-unveils-41-million-real-time-photo-sharing-app-called-color?partner=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+fastcompany%2Fheadlines+%28Fast+Company+Headlines%29 http://www.fastcompany.com/1742209/lala-founder-unveils-41-m...

itswindy 16y ago

Webvan, eToys, Pets.com and a gazillion million other sites got funded. But if Groupon is 'worth' $25 Billion