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Talking your book much? This story is so contrived that it hinges on a comically inept founder taking $200M to solely spend on an advertising campaign on the p
by jim_greco 11y ago
Talking your book much? This story is so contrived that it hinges on a comically inept founder taking $200M to solely spend on an advertising campaign on the platform of the person investing it. If this is the best example a VC can offer to cram down valuations then I'm pretty sure founders are going to keep reaching toward those unicorn valuations.
- paulpauper 11y agoSeems everyone wants their 'I told you so' moment. Why can't we just accept that web 2.0 and these high valuations aren't going away?
- x0x0 11y agoever heard of living social? How much of amazon's investment was recycled into purchases (obviously with lower margins than ads) on amazon when they offered a $20 amazon gift card for $10?