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"All those widows and orphans" Spare me. What are the numbers on those widows and orphans? Because the thing is, tech investment right now is driven by investo
by weeksie 12y ago
"All those widows and orphans"
Spare me. What are the numbers on those widows and orphans? Because the thing is, tech investment right now is driven by investors and funds—entities that by definition should be able to handle their losses. Entities that by definition are more educated about the downside risk than the tons of John Q Public idiots that were day trading Internet stocks back in 2000.
Maybe the numbers support what he's saying. If they do, I'd love to see them. shrug
- hristov 12y agoYou are absolutely right. I don't know what widows and orphans he is talking about, but it is very unlikely that anyone of the people pushing hundreds of millions of dollars into start-ups today has any problem affording repairs on their cars. He is making up a victim here.
- Cacti 12y ago... it's an expression, not a literal statement.
- hristov 12y agoYes, it is an expression usually used to refer to relatively poor innocent people. This does not apply here, poor people are not getting into the private funding rounds of top tier start-ups. So even if you use the expression figuratively, he is still making up a victim.