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> Name a company in this "bubble" that has wasted $100 Million dollars like Boo.com or pets.com or $50 Million like flooz without producing even 1% of that in r
by cabalamat 16y ago
> Name a company in this "bubble" that has wasted $100 Million dollars like Boo.com or pets.com or $50 Million like flooz without producing even 1% of that in revenue.
Color got $41 million, which is almost at your limit.
- PakG1 16y agoNot a fair statement. They haven't wasted it yet. The only just got it. You can't expect them to be making money straight out of the gate, especially when their product's only just became version 1.0.
- waterlesscloud 16y agoAt least so far it's just VC money that will be wasted in this bubble. Money from people whose job it is to invest properly, so if they lose it all it's quite literally their own fault. It's not a giant wealth transfer scheme from Main Street to Wall Street like the last bubble. Not yet, anyway.
- Vivtek 16y agoNo, we have more efficient mechanisms for that now.