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I wonder if Greylock had heard anything about the Twitter/Periscope deal before investing in Meerkat. For a VC firm that is as well-connected as Greylock, you
by thewhizkid 12y ago
I wonder if Greylock had heard anything about the Twitter/Periscope deal before investing in Meerkat.
For a VC firm that is as well-connected as Greylock, you would think they would have known something or at least aware of Periscope's existence and objectively superior platform.
Nothing indicates to me that they did, which seems like incredibly poor due diligence on their part if true.
- sharkweek 12y agoIt would seem pretty unlikely for Josh Elman, an early employee at Twitter, to not have caught wind of the deal, but who knows. I'm guessing they still saw (and see) potential for Meerkat, as one day of buzz for Periscope does not a successful product make. Plenty of ways to compete still, it just got a bit harder.
- thewhizkid 12y agoPeople keep making comparisons to other social networks, but in this case the two products are way too similar to coexist. Influencers will decide what platform they like best. You can't exactly do a simultaneous broadcast on both apps at the same time. Just seems like if you were in the loop it would have been an unnecessary risk to invest now without waiting to see how the market responded to a Goliath competitive offer.
- mtrimpe 12y agoUnless you think it's a winner-takes-all market that's ripe for the plucking and believe you need to be first to even have a shot at capturing it.
- fludlight 12y agoLiterally every entrepreneur thinks his startup has the best $X. In this regard, the signal to noise ratio at any VC is abysmal.