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These start ups get massive investment, IPO for retarded valuations, and all the venture firms/owners cash out leaving the market and institutional investors ho

by epa 13y ago

These start ups get massive investment, IPO for retarded valuations, and all the venture firms/owners cash out leaving the market and institutional investors holding the rest. Slowly these companies die.. but the original people have already made their money and are on to something else. Classic. For instance, is there any sane reason why a website like rapgenius.com needs to IPO to raise public funds? The answer is no, they IPO in order to get a liquid market to sell their shares in.

michaelochurch 13y ago
Nailed it.
- vdaniuk 13y ago
  If by "nailed" you mean "reduced a probability of rational discourse by trolling" then sure, he nailed it.
  - michaelochurch 13y ago
    You're reacting more to his tone than his content. He's right about how VC-istan works. There's this new engine of extreme productivity that no one understands well; those with early access loot it (getting into private financing rounds where prices are set on the golf course; using VC connections to be air-drop executives) and the public (including Bay Area engineers) eats the bill through failed companies and sudden job-loss, an innavigable career ladder, financial crashes due to overvalued stocks (pump-and-dump), and exorbitant housing prices just to have a chip and a chair. He might be damning his credibility by using "retarded" in such a way, but he's on to the meat of the problem.
    - vdaniuk 13y ago
      Well, I naively continue to expect rationality and solutions on HN including the solution to these VC shenanigans.
vdaniuk 13y ago
Do you really want to know why rapgenius needs IPO money or are you just using it as a rhetorical vessel to justify use of such inflamatory lexis as "retarded" and "classic"? I have no hopes on influencing your opinion but want to provide my version of the explanation. Surely it is only an opinion, I have no authority on the subject. Rapgenius needs to IPO to massively scale in text annotation business providing context and meaning to texts that are far away from rap. Immense value can be gained if RapGenius or NewsGenius will provide a platform to annonate, verify and explain complicated news articles, scientific studies, techical documentation, anything that requires metadata for better understanding. This feat was tried by many and all of them failed, including Google, remember Sidewiki? Rapgenius has a leg to stand on -- working annotation platform. If they are able to branch into other areas that are more appealing to mass market, the possibilities of growth are immense.
- epa 13y ago
  Good point.

by epa 13y ago

michaelochurch 13y ago

Nailed it.

vdaniuk 13y ago
If by "nailed" you mean "reduced a probability of rational discourse by trolling" then sure, he nailed it.
- michaelochurch 13y ago
  You're reacting more to his tone than his content. He's right about how VC-istan works. There's this new engine of extreme productivity that no one understands well; those with early access loot it (getting into private financing rounds where prices are set on the golf course; using VC connections to be air-drop executives) and the public (including Bay Area engineers) eats the bill through failed companies and sudden job-loss, an innavigable career ladder, financial crashes due to overvalued stocks (pump-and-dump), and exorbitant housing prices just to have a chip and a chair. He might be damning his credibility by using "retarded" in such a way, but he's on to the meat of the problem.
  - vdaniuk 13y ago
    Well, I naively continue to expect rationality and solutions on HN including the solution to these VC shenanigans.

vdaniuk 13y ago

Do you really want to know why rapgenius needs IPO money or are you just using it as a rhetorical vessel to justify use of such inflamatory lexis as "retarded" and "classic"? I have no hopes on influencing your opinion but want to provide my version of the explanation. Surely it is only an opinion, I have no authority on the subject. Rapgenius needs to IPO to massively scale in text annotation business providing context and meaning to texts that are far away from rap. Immense value can be gained if RapGenius or NewsGenius will provide a platform to annonate, verify and explain complicated news articles, scientific studies, techical documentation, anything that requires metadata for better understanding. This feat was tried by many and all of them failed, including Google, remember Sidewiki? Rapgenius has a leg to stand on -- working annotation platform. If they are able to branch into other areas that are more appealing to mass market, the possibilities of growth are immense.

epa 13y ago
Good point.