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I'm not an expert here, but is the real problem that there is no way to short a startup? You pretty much have to wait until a startup IPOs to bet against it. (O
by neilk 14y ago
I'm not an expert here, but is the real problem that there is no way to short a startup? You pretty much have to wait until a startup IPOs to bet against it. (Or is there some equivalent of shorting in secondary markets?)
Would it be fair to say that, until the IPO, every player in the system has an incentive to inflate the price?
And in our little world even the press doesn't usually see itself as having a critical role. Quite the contrary as with Arrington & Calcanis and their ilk.
- hemancuso 14y agoWould it be fair to say that, until the IPO, every player in the system has an incentive to inflate the price? If you had unlimited money to invest, this would be true. But every player invests out of a fixed size fund. The more money out of your fund you bid, the lower your return.