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The shitty thing is that all of Pincus's sins will be forgotten the next time he starts a company because in Silicon Valley a man's worth is measured by his ban

The shitty thing is that all of Pincus's sins will be forgotten the next time he starts a company because in Silicon Valley a man's worth is measured by his bank account.

dakrisht 13y ago
Ain't that the truth. Some believe in karma, maybe he doesn't. This will change. Look at Kleiner - investment after investment = flop after flop. Cleantech. Ouya. What's next? Institutional money, pension funds, high-net worth individuals, sovereign wealth funds, etc. will all start realizing and cracking down on these idiotic investments left and right. It's like the eyeballs craze of the 90s. Have a site? 100,000 eyeballs a month? Shit, you're a $500M company. You'll make money somehow in the future, we believe in you. Yeah, we remember what happened then.
- uptown 13y ago
  It'll get worse. The JOBS Act will allow even more individual investors to get duped by guys like him by crowdfunding his next big "idea".
hkmurakami 13y ago
the funny ironic thing is that his scamming prowess is something that makes him a good investment for many VCS. once ahner asked me (because I had made some moral corporate standard statements) whether I would as avc invest in a hypothetical next startup by asshole Steve Jobs. not entirely sure if I could resist that one but I'd never invest in Pincus's next startup out go work for it.
foobarqux 13y ago
They won't be forgotten by any employees he promises equity to.
josh2600 13y ago
Sigh, I would agree with you except this is kind of the third time he's done this... Support.com, massive lawsuit for "computer checkup ads" Tribe.net, The community that owns the "island of lost toys". Basically a relatively successful social network that went belly up for a number of reasons and Zynga, the red-headed stepchild of the Facebook platform. So, IMHO, no one will remember Zynga the next time Pincus has a startup, just like no one remembers tribe or support.com.

The shitty thing is that all of Pincus's sins will be forgotten the next time he starts a company because in Silicon Valley a man's worth is measured by his bank account.

dakrisht 13y ago

Ain't that the truth. Some believe in karma, maybe he doesn't. This will change. Look at Kleiner - investment after investment = flop after flop. Cleantech. Ouya. What's next? Institutional money, pension funds, high-net worth individuals, sovereign wealth funds, etc. will all start realizing and cracking down on these idiotic investments left and right. It's like the eyeballs craze of the 90s. Have a site? 100,000 eyeballs a month? Shit, you're a $500M company. You'll make money somehow in the future, we believe in you. Yeah, we remember what happened then.

uptown 13y ago
It'll get worse. The JOBS Act will allow even more individual investors to get duped by guys like him by crowdfunding his next big "idea".

hkmurakami 13y ago

the funny ironic thing is that his scamming prowess is something that makes him a good investment for many VCS. once ahner asked me (because I had made some moral corporate standard statements) whether I would as avc invest in a hypothetical next startup by asshole Steve Jobs. not entirely sure if I could resist that one but I'd never invest in Pincus's next startup out go work for it.

foobarqux 13y ago

They won't be forgotten by any employees he promises equity to.

josh2600 13y ago

Sigh, I would agree with you except this is kind of the third time he's done this... Support.com, massive lawsuit for "computer checkup ads" Tribe.net, The community that owns the "island of lost toys". Basically a relatively successful social network that went belly up for a number of reasons and Zynga, the red-headed stepchild of the Facebook platform. So, IMHO, no one will remember Zynga the next time Pincus has a startup, just like no one remembers tribe or support.com.