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I've had one of the mentioned firms invest in a place I was a partner at, and it surprises the hell out of me. I remember the investment guy would tell the rest
by lordnacho 4y ago
I've had one of the mentioned firms invest in a place I was a partner at, and it surprises the hell out of me. I remember the investment guy would tell the rest of us "on Wednesday, wear a shirt and tie, X big name is coming" and that's what we'd do. And millions of questions about the strategy, though didn't know much about those details.
Current theory is there's some sort of investment U shape curve. Either people look the part and talk the part and get the part, or they look like they care so little that they must be the real deal. Wish I'd known this, because I am also able to play video games badly while wearing a T-shirt.
- ZoF 4y ago
- rippercushions 4y agoThis is called countersignaling. Basically, if everybody else invests into doing X and somebody conspicuously does not, it's taken as a signal that they're so good that they don't need to. https://en.wikipedia.org/wiki/Countersignaling https://en.wikipedia.org/wiki/Countersignaling
- bachmanity1212 4y agoThere is an episode of the Silicon Valley series where the team tries to increase their VC funding by becoming increasingly toxic and abusive with the VCs they meet, and they end up signing with the biggest offer they got, after one of them literally puts his genitals on the table during negotiation. Turns out this was hitting very close to the truth. That show was great to show how much a clown world SV can be.
- rippercushions 4y agohttps://youtu.be/N6Zz-Nkkaxc https://youtu.be/N6Zz-Nkkaxc