I do believe that investors are pro bullshit detectors. You mentioned some great misses but even Steph Curry misses open threes every once in a while and he's a professional 3-point shooter.
I'm to the point anymore that when I see 'startup' I think 'relatively useless internet site that sells data to advertisers'.
I agree that some of these folks half-addled. The Theranos gang of Schultz, Mattis, Kissinger should be no more listened to than the drunk at the end of the bar. Late-stage capitalism gives you creatures like David Boies.
To be fair a real scam has serious panache. I'd have to put the Pixelon corporate party at the very top of the list.
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Are they though? It's hard to believe that after Theranos, Nikola, Solar roadways, crypto scams, WeWork, Juicero, etc.
Thanks for reading :)
I do believe that investors are pro bullshit detectors. You mentioned some great misses but even Steph Curry misses open threes every once in a while and he's a professional 3-point shooter.
Aren't investors known to miss far more (10 to 1 or more) than hit, and just rely on those successes to cover the losses?
I'm to the point anymore that when I see 'startup' I think 'relatively useless internet site that sells data to advertisers'.
I agree that some of these folks half-addled. The Theranos gang of Schultz, Mattis, Kissinger should be no more listened to than the drunk at the end of the bar. Late-stage capitalism gives you creatures like David Boies.
To be fair a real scam has serious panache. I'd have to put the Pixelon corporate party at the very top of the list.