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100% correct and it really makes me wonder what the late round VCs were thinking. The only I can come up with is pure greed - willing to take an enormous risk
by maukdaddy 15y ago
100% correct and it really makes me wonder what the late round VCs were thinking. The only I can come up with is pure greed - willing to take an enormous risk for future IPO (above and beyond typical VC risk)
- joe_the_user 15y agoWell, If we're wildly speculating, we could also imagine kick-backs and money laundering. I know nothing of Groupon's financing. I know Digital Sky was a large, late investor in Facebook. And they are controlled by a Russian oligarch. Wealthy criminals are sometimes willing to invest in unprofitable businesses to launder money, buy influence and hope that a bigger fool will follow them.
- lnxkrnl 15y agoIf Yuri Milner is the Russian mafia money man. He is f*cked. Most of his investments are going to implode in a double dip recession, and bring down the rest of Silicon Valley elites.