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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
by 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 agoI'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 agoThere's a name for "good reasons" that don't result in proven product. They're called "bad reasons".