4 ms·

A product (or person) that has a particular value, but is undervalued for some incorrect reason, represents an inefficiency in the market. But free markets are

A product (or person) that has a particular value, but is undervalued for some incorrect reason, represents an inefficiency in the market. But free markets are self-correcting, because... The real money in this world is in recognizing inefficiency and exploiting (viz, "correcting") it. Okay? So give the kid some money for a share in his endeavor, and you'll clean up. Unless you're just BSing.

bilbo0s 19y ago
I agree wholeheartedly agree with the first part of your post. Finding, and exploiting inefficiency is what my role is all about. No question. The last part of your post has a few things in it that I have to take issue with. Firstly, giving this guy money is NOT what I do. I invest in companies. I think investing in companies is the best way to exploit inefficiencies. Secondly, simply investing in a company with good people, and good technology at a good price is part of "cleaning up" as you put it, but it is at times insufficient to the cause. Now I could list GUBA, Revver etcetera here, but I believe you get the point. Lastly, take a quick scan through the comments in this thread. You will notice, in very short order, that yours is the only one containing profanity. You will get a lot further in life if you do yourself the goodness of presenting yourself in a favorable light to others. Even when you disagree. One more thing, my job is analysis. I look at, and analyze, data in a dispassionate fashion. Then I give a yea or nay. Normally it is with an eye towards advising other investors. In this case, I put a little of my own scratch on the table. My business depends on reputation, I do not lie. I do not omit. I do not aggrandize. Let me say now that given the attitudes of people like you, I hope, for the sake of more than my investment, that this guy is successful in a fashion that forces others to recognize that the existence of people like him is possible.
- mynameishere 19y ago
  Oh, sorry for the profanity, grandma. It's just that when "straight forward" software causes someone to get "ecstatic", my BS detector flips a bit. Sorry. You will get a lot further in life if you do yourself the goodness of presenting yourself in a favorable light to others. No doubt. (...wondering if you gave this advice to the subject in his "t-shirt, necklace, sweatpants and all")
  - bilbo0s 19y ago
    As a matter of fact . . . I did :) He didn't call me grandma though . . . He said, "people don't care about that kinda stuff anymore" I asked, "If that were true do you think you would be without investors right now?"
    - motoko 19y ago
      I've been reading your comments, and you have interesting things to say. Do you have a website or email address that you would share?
      - bilbo0s 19y ago
        Wow! I'm flattered that someone took the time to go through my comment history. My web presence is currently limited to my forum user's accounts at news.YC, TechCrunch, and the like. The idea of a blog occurred to me briefly when we decided to start looking at consumer startups. However, we determined there to be many blogs already in existence doing an excellent job of providing coverage of the space. It was doubtful that we would create a large enough audience from which to select clients. All that said, the idea of a personal blog has been pitched to me. Recently the requests have been coming more and more often. So perhaps at some point in the future. Right now I am so busy that I am staying in touch with the office on the weekends. I would like to actually put thought into blog posts for a personal blog, and not have it be these more off-the-cuff brainstorms that I post to the forums. Thanks again for the interest.
        motoko 19y ago
        A smart guy like you doesn't need to be so owned by an office such that people can't come to you on their time. Why not post an email address?
        bilbo0s 19y ago
        Is there a feature on this site that will allow me to send you my email on a private channel?
- deleted 19y ago
  [deleted]

bilbo0s 19y ago

I agree wholeheartedly agree with the first part of your post. Finding, and exploiting inefficiency is what my role is all about. No question. The last part of your post has a few things in it that I have to take issue with. Firstly, giving this guy money is NOT what I do. I invest in companies. I think investing in companies is the best way to exploit inefficiencies. Secondly, simply investing in a company with good people, and good technology at a good price is part of "cleaning up" as you put it, but it is at times insufficient to the cause. Now I could list GUBA, Revver etcetera here, but I believe you get the point. Lastly, take a quick scan through the comments in this thread. You will notice, in very short order, that yours is the only one containing profanity. You will get a lot further in life if you do yourself the goodness of presenting yourself in a favorable light to others. Even when you disagree. One more thing, my job is analysis. I look at, and analyze, data in a dispassionate fashion. Then I give a yea or nay. Normally it is with an eye towards advising other investors. In this case, I put a little of my own scratch on the table. My business depends on reputation, I do not lie. I do not omit. I do not aggrandize. Let me say now that given the attitudes of people like you, I hope, for the sake of more than my investment, that this guy is successful in a fashion that forces others to recognize that the existence of people like him is possible.

mynameishere 19y ago
Oh, sorry for the profanity, grandma. It's just that when "straight forward" software causes someone to get "ecstatic", my BS detector flips a bit. Sorry. You will get a lot further in life if you do yourself the goodness of presenting yourself in a favorable light to others. No doubt. (...wondering if you gave this advice to the subject in his "t-shirt, necklace, sweatpants and all")
- bilbo0s 19y ago
  As a matter of fact . . . I did :) He didn't call me grandma though . . . He said, "people don't care about that kinda stuff anymore" I asked, "If that were true do you think you would be without investors right now?"
  - motoko 19y ago
    I've been reading your comments, and you have interesting things to say. Do you have a website or email address that you would share?
    - bilbo0s 19y ago
      Wow! I'm flattered that someone took the time to go through my comment history. My web presence is currently limited to my forum user's accounts at news.YC, TechCrunch, and the like. The idea of a blog occurred to me briefly when we decided to start looking at consumer startups. However, we determined there to be many blogs already in existence doing an excellent job of providing coverage of the space. It was doubtful that we would create a large enough audience from which to select clients. All that said, the idea of a personal blog has been pitched to me. Recently the requests have been coming more and more often. So perhaps at some point in the future. Right now I am so busy that I am staying in touch with the office on the weekends. I would like to actually put thought into blog posts for a personal blog, and not have it be these more off-the-cuff brainstorms that I post to the forums. Thanks again for the interest.
      - motoko 19y ago
        A smart guy like you doesn't need to be so owned by an office such that people can't come to you on their time. Why not post an email address?
        bilbo0s 19y ago
        Is there a feature on this site that will allow me to send you my email on a private channel?
deleted 19y ago
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