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> I wish there was a way to make money by shorting bad ideas. I think I could easily fund a few companies by doing that on weekends. No shit? The vast majority
by TotoHorner 4y ago
> I wish there was a way to make money by shorting bad ideas. I think I could easily fund a few companies by doing that on weekends.
No shit? The vast majority of VC funded ideas fail, so you'd make money on almost every trade.
The issue is that your fund would blow up every time you shorted the next Airbnb/Uber (two companies that everyone agreed were terrible ideas at inception)
- stephc_int13 4y agoYou are right. But the trick, in this case is parsimony, the opposite strategy of what VCs do. Only shorting when I am 100% positive the idea is a fail.
- TotoHorner 4y agoI promise you, you would've thought Airbnb & Uber were dumb ideas and you would've shorted them. Uber had to fight an absolutely massive taxi lobbies and what they were doing was illegal in a ton of cities. With Airbnb, you had hotel lobbies and the idea of letting a stranger come stay in your home didn't seem like it would become a mainstream thing. Anyway, you've been able to easily short crypto for the last 8 years. Have you shorted any at all?