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I don't understand why people care if he manages to raise money. What am I missing? If you don't like the chances, but it's not your money, then so what?
by jfoster 4y ago
I don't understand why people care if he manages to raise money. What am I missing? If you don't like the chances, but it's not your money, then so what?
- smcl 4y agoIt is definitely remarkable that someone who ran a fairly high profile company that exploded in value and deflated about as quickly, has managed to secure substantial investment in a relatively similar space. Do I care about this, or am I directly affected or upset about it? Well, not particularly. However I don't think it bodes well for many in the US that there have been a few VCs attempting to work their way into residential real estate. The way things work here is that we tend to comment when we find something interesting, surprising or if we have a useful insight to contribute. You could cut out 90% of the comments on VCs and startups here with the template "I don't understand why people care [about $thing]. If you don't like [$thing] but it's not your money, then so what?" but I don't think it would make HN a better place. Besides that - the people involved are grown-ups, if they're even reading HN at all I'm sure they can handle the criticism.
- jfoster 4y agoIt's certainly remarkable and interesting that he's able to raise despite the bad rep. That's definitely worthy of discussion. I'm just surprised that some seem to be almost insulted by it, if that makes sense?