4 ms·
I'm a bit confused by lumping Yahoo in that group (unless your goal was to show a sampling of companies including one big win, in which case I apologize for mis
by _dps 15y ago
I'm a bit confused by lumping Yahoo in that group (unless your goal was to show a sampling of companies including one big win, in which case I apologize for misunderstanding).
Yahoo was surely a resounding success for the VCs who backed them, and has been a major contributor to life on the internet for over 15 years (so it's not just a financial win). They've also outperformed NASDAQ since 1998 despite being a poster-child for overvaluation, so they've been a (comparative) win for retail investors as well.
- eli_gottlieb 15y agoThat's kind of my point. In fact, let me go back and add another company from that era: Netscape. VCs backed Netscape, too. Their whole model includes a built-in failure rate.