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The last episode is the opposite, don't make revenues, this way expectations are limitless as opposed to making small revenues
by guiomie 11y ago
The last episode is the opposite, don't make revenues, this way expectations are limitless as opposed to making small revenues
- andrea_s 11y agoYes, but the character who gives that advice is very blatantly portrayed as a moron (by the way, does anyone know who are the inspirations for the character?)
- everly 11y agoThe 'radio on the internet' bit seems to point to Mark Cuban being at least a partial inspiration.
- shalmanese 11y agoIt's a thinly veiled Mark Cuban, who sold his radio on the internet startup to Yahoo and has since managed to increase his net worth from 2.5 billion dollars to a whopping 2.7 billion dollars.
- xasos 11y agoExactly. Then you can tell investors you are "pre-revenue"
- simonw 11y agoI think that advice is out-of-date now - and in Silicon Valley, the advice was given by "literally the worst person in the world", so I didn't see it as being advice anyone was meant to take seriously.
- solve 11y agoNot at all. This is probably the one thing they've gotten the most right so far. It's not unique to tech stocks - it's very deep part of investor psychology. E.g. in a romantic relationship, people being far more enthusiastic and more willing to invest in a partner with high perceived future potential earning and other value, than in a partner who's already clearly laid out all their cards.