4 ms·
startups usually dont have enough resources for a black swan. but this collapse was entirely predictable- many analysts pointed it out and were mocked by kwon
by dropnerd 4y ago
startups usually dont have enough resources for a black swan.
but this collapse was entirely predictable- many analysts pointed it out and were mocked by kwon and the self-described LUNAtics.
founders either didn't do enough diligence, or didn't care.
- kgwgk 4y agoAlso startup’s black swan effects are usually of the form “our service is no more” rather than “your savings are no more”.