Postmates’ new IPO delay indicates Wall Street is turning against Silicon Valley

Re:Postmates’ new IPO delay indicates Wall Street is turning... by phkahler on Tuesday October 08, 2019 @09:34PM (#21199129)

20 years ago we had the dotcom craze it was all bullshit business models. F'ed company and all that. Wall street never really cared about any of the tech, it was always about the money. In most cases anyway.

Some of the companies that have IPOed recently can only be destroyed by massive investment. Uber for example, should be sized like Craig's list connecting drivers and riders, not 20,000 employees with billions in valuation doing autonomous car bullshit.

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Re:Postmates’ new IPO delay indicates Wall Street is turning... by Spooky23 on Tuesday October 08, 2019 @10:55PM (#21199561)

In that era I worked for a company that pivoted from a software developer to what we’d call a SaaS. They had incredible margins but had to spend some capital to expand... and they had the ability to take big share in some lucrative areas.

But they had a hard time raising money because they were too big and were profitable. They ended up being acquired by some big dumb dotcom conglomerate and the spun back out at a 5x return to a big evil company who was smart, invested in the platform and makes a lot of money.

IMO it’s an example of the “bulls run, pigs get slaughtered” idea... these funds have to swing for home runs, then panic when rough times loom.

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