3 ms·

actually, this does have two very important pieces of information: 1. an actual competitor going on record saying whey they are insolvent (and i did that inter

actually, this does have two very important pieces of information: 1. an actual competitor going on record saying whey they are insolvent (and i did that interview myself!) 2. the quote from an investor who think the IPO might get pulled. (i got that quote this weekend from someone deep in the industry).

anigbrowl 15y ago
OK, but: 1. that interview was conducted 4 weeks ago - it's the first sentence of the story, and the video has been on YouTube since July 25. So that doesn't seem new to me. Plus, what he's saying is the conventional wisdom anyway based on the prior IPO filings and as a competitor of Groupon he's obviously not a neutral observer. 2. 'A Respected Investor' saying something isn't a whole lotta news either; it's just a sampling of the existing spectrum of opinion. Now, I know you have to respect confidentiality, but without any context, how much weight should I accord this investor? Is s/he respected in the tech sector, involved with the company or its underwriters, has s/he invested in 1 successful IPO, 10, or 100? I'm sure you added this information because you consider the person's judgment worth sharing, but in any sample of 10 professional investors you'll be able to find a true believer and a skeptic. I'm sorry my commentary came off as dismissive or hurtful. It just didn't 'click' with me, but maybe other people will find it useful in a way I didn't.
- jasonmcalacanis 15y ago
  1. True it's from an older interview, but only 10-50k folks have probably heard it. an additionally 10-50k folks know about it now. So, it's new to them. 1a. It's newsworthy that a competitor would come out that strongly either way. 2. If LAUNCH or I say it's a respected investor you can take that as a top 25 investor in the space. you know my rolodex right? :-)
  - anigbrowl 15y ago
    Sure - I'm not out to argue, just clarify how I arrived at my opinion after reading the piece. As you can see, I'm a pernickety fellow :-)

anigbrowl 15y ago

OK, but: 1. that interview was conducted 4 weeks ago - it's the first sentence of the story, and the video has been on YouTube since July 25. So that doesn't seem new to me. Plus, what he's saying is the conventional wisdom anyway based on the prior IPO filings and as a competitor of Groupon he's obviously not a neutral observer. 2. 'A Respected Investor' saying something isn't a whole lotta news either; it's just a sampling of the existing spectrum of opinion. Now, I know you have to respect confidentiality, but without any context, how much weight should I accord this investor? Is s/he respected in the tech sector, involved with the company or its underwriters, has s/he invested in 1 successful IPO, 10, or 100? I'm sure you added this information because you consider the person's judgment worth sharing, but in any sample of 10 professional investors you'll be able to find a true believer and a skeptic. I'm sorry my commentary came off as dismissive or hurtful. It just didn't 'click' with me, but maybe other people will find it useful in a way I didn't.

jasonmcalacanis 15y ago
1. True it's from an older interview, but only 10-50k folks have probably heard it. an additionally 10-50k folks know about it now. So, it's new to them. 1a. It's newsworthy that a competitor would come out that strongly either way. 2. If LAUNCH or I say it's a respected investor you can take that as a top 25 investor in the space. you know my rolodex right? :-)
- anigbrowl 15y ago
  Sure - I'm not out to argue, just clarify how I arrived at my opinion after reading the piece. As you can see, I'm a pernickety fellow :-)