RIP LivingSocial: The fast rise and slow demise of a daily deals company

Re:RIP LivingSocial: The fast rise and slow demise of a dail... by mathattack on Sunday February 26, 2017 @10:28AM (#13737633)

The key takeaway I've got is that sometimes it's hard to see when you're inside the fad.

Interesting that the VC (Jeremy Liew) is the also behind Snapchat. You win some, you lose some, and in Venture investing, the wins take care of the losses.

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Re:RIP LivingSocial: The fast rise and slow demise of a dail... by free2rhyme214 on Sunday February 26, 2017 @11:02AM (#13737820)

This is always the case. Even Sequoia has made blunders before - turning down Salesforce and investing in Webvan, to name a few.

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Re:RIP LivingSocial: The fast rise and slow demise of a dail... by mathattack on Sunday February 26, 2017 @11:52AM (#13738161)

There are two types of mistakes for VCs:

1 - Investing in the wrong company

2 - Missing the right company

The first bucket has limited financial downside. (You only lose what you invested) The real cost is time and attention. (An investor can only sit on a fixed amount of boards)

The second can be a lot more painful, because the upside can be 10-100x. Missing out on Salesforce (or Yelp, or pick your winner) can be even tougher.

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