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A comment on RIP LivingSocial: The fast rise and slow demise of a daily deals company. Parent comment

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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