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On the contrary, I think we are very lucky to live in an era where value creation can be realized so quickly and efficiently. Most seed investments are lost ent
by therealarmen 14y ago
On the contrary, I think we are very lucky to live in an era where value creation can be realized so quickly and efficiently. Most seed investments are lost entirely; Instagram rose from the ashes and captivated millions of people. Why shouldn't they be rewarded accordingly?
- creamyhorror 14y agoMaybe society would be better if more seed investments made modest returns and Instagram didn't make huge ones?
- therealarmen 14y agoLove it or hate it, that is the venture capital business model. There are other private equity firms which invest in the more conservative manner that you suggest, although the dollar amounts are generally larger.
- corford 14y agoPersonally, I don't think Instagram "created" $1billion worth of value. $1 billion was just the price FB had to pay to stop them raining on the parade of their own (gigantically inflated) valuation.