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Totally makes sense - but I also completely get why the investors would bite on hype - missing the next billion dollar company is way worse than incorrectly pic

Totally makes sense - but I also completely get why the investors would bite on hype - missing the next billion dollar company is way worse than incorrectly picking a few duds.

untog 12y ago
A $35m dud, though. That's not small fry.
- sharkweek 12y ago
  True, but there are 27 investors on that table, not too bad spread out
- jonknee 12y ago
  Well they are returning some capital, so perhaps the damage isn't quite that bad.
erichmond 12y ago
Exactly right, this is a very important message here that should be taken away by future (and current) entrepreneurs.
josu 12y ago
I don't know, at a 130m valuation, a 100x exit was no longer possible, and even a 10x didn't even seem that likely.
- benologist 12y ago
  130m x 100 is only 1/4th of uber, not really impossible anymore.
  - outericky 12y ago
    Uber hasn't exited, so that argument has no basis. Can maybe compare to whatsapp... and that's probably what investors did.
    - deleted 12y ago
      [deleted]