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It always boggles my mind how these guys are raising that much money without any plan.
by rqtwteye 3y ago
It always boggles my mind how these guys are raising that much money without any plan.
- jfengel 3y agoIt's better without a plan. Plans have risks and foreseeable problems. Handwavey dreams are all upside and no downside. Of course you gotta find the guys with more money than sense. They're not exactly thick on the ground but during a boom cycle there seem to be quite a few. (Often the winners of the last boom cycle, convinced that they were smart rather than lucky.)
- malux85 3y agoIt also boggles my mind how these investors give money without doing ANY technical due diligence. This company claimed all of its value was in IP (i.e. source code) and it took me 15 minutes of reading the code to see there was nothing unique there, and deep down inside the core was just a bunch of //TODO comments.