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> Who knows if this optimism will prove to be wise. All we can say for sure right now is that the companies in the best position to understand the risks and opp
by gtowey 4y ago
> Who knows if this optimism will prove to be wise. All we can say for sure right now is that the companies in the best position to understand the risks and opportunities of investing in the credit card business are investing heavily.
This is kind of a non-statement because every market collapse ever was preceded by "people who appear to understand the market making heavy investments" right up until the crash when it becomes obvious they didn't understand anything.
Basically it's saying "following the herd is smart, unless the herd turns out to have been wrong"
- yieldcrv 4y agoOne thing my publicist used to do was make listicles. It would have some competitors in first or fourth spot, myself in the 2nd or 3rd spot and then some other potential solutions. The purpose wasn’t for engagement, it was just to modify search results and ping a few specific people’s google alerts, specifically the competitor. One benefit is that the competitor would be intruiged that they were noticed at all, and be keen on being invited to an interview or seen on stage in a fireside chat at a conference, and the continued interaction meant more partnership and deals got done. The point of all this being that you can collect more resources together. And it doesnt matter that any of our solutions didnt have product market fit. I periodically quizzed my co-founder “we’re still in the ‘make-money’ game, right” just to make sure.