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To that point on public markets: who on Earth is buying the equities of a Zynga or a SurveyMonkey? (no offense to any current or former employees) I get that s
by achillesheels 6y ago
To that point on public markets: who on Earth is buying the equities of a Zynga or a SurveyMonkey? (no offense to any current or former employees)
I get that speculators exist, but I see more and more the public listing of IT startups as “siphoning” passive index funds as part of a necessary diversified portfolio strategy - this is how VCs are exiting. I haven’t done the research, but this is merely the extension of principally why VC exists: the statistical inference of putting X% (typically less than 3) into high risk investments from 10 and 11 figure funds.
- terminalcommand 6y agoI don't know about Surveymonkey, but Zynga makes profit from games. Games are addictive, people pay.
- plorkyeran 6y agoZynga made a profit in 2019. They appear to be a sustainable business which can keep operating at roughly break-even levels while hoping for another big breakout hit that makes a lot of money. Not a great investment, but certainly not a money pit.