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I don't have enough industry experience to put any authority behind this statement, but investing in a company that has no profits and who's business model is b
by wmeredith 17y ago
I don't have enough industry experience to put any authority behind this statement, but investing in a company that has no profits and who's business model is based on using the API of another company with no profits seems like a bit of a dance at a dreamers ball. Isn't this exactly the stuff bubbles have been made of?
I'm going to go ahead and assume they know something I don't. (They do have the $800k to invest in the first place, after all.)
- wensing 17y agoVC's and the like are very bullish on twitter, ergo investment in things related to twitter, and undoubtedly pressure for many portfolio companies to somehow bolt twitter on to their app/service. I happen to like twitter, myself, but I agree this is obviously a huge risk for anyone. At least they are building something that will generate revenue (assuming demand): Stocktwits premium, which is coming very soon , is like Stocktwits, but with even more awesome (or as I like to say…’The Social Bloomberg’).
- sachinag 17y agoDoes no one think that fool.com or TheStreet or Dow Jones or the FT or [pick 'em] will pick this up to show that they Get It(TM)? Really? Come on.
- joshu 17y agoI agree. As an occasional angel, I see a lot of startups that exist solely in the shade of another tree, so to speak. It seems hard to defend (if it becomes too big, the overarching company can easily cut you off and/or adopt the features) and easy to replicate.