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I'm not being sarcastic here - these are valid reasons to invest, the same features might help the VC flip it later to, say, Twitter for $10m. (And there's alwa

by moe 18y ago

I'm not being sarcastic here - these are valid reasons to invest, the same features might help the VC flip it later to, say, Twitter for $10m. (And there's always AOL! :) Cynism at its best. A stupid investment can be justified when there's reason to believe that someone even more stupid will come around to bail you out later. Don't get me wrong, I do see the truth in this statement. I also find it deeply disturbing.

nir 18y ago
From the VC perspective, they're doing their job - getting a return on the investment. I agree it's disturbing, because ultimately it's a bubble, which is then followed by bust and so on... It makes for interesting times, though.
pj 18y ago
Worked for the banks...