Re:Etsy stock has lost 76% of its value in 9 months
by danieltillett on Friday January 15, 2016 @05:17PM
(#10912634)
No the limited partners lost some money. Guess who they happen to be?
[ Parent
| on HN ]
Re:Etsy stock has lost 76% of its value in 9 months
by mikeg8 on Friday January 15, 2016 @06:15PM
(#10913008)
So what? As an LP, they made the choice to let someone else actively manage their money. Part of the risk/reward trade-off when using VC as an investment vehicle.
Re:Etsy stock has lost 76% of its value in 9 months
by danieltillett on Friday January 15, 2016 @06:22PM
(#10913056)
I am just pointing out who is losing the money. The fact that a large amount of this money is coming from pension funds trying to hit totally unrealistic returns in a zero interest environment is just an unfortunately coincidence.