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A comment on Startups are pummeled in the ‘great unwinding’. Parent comment

Re:Startups are pummeled in the ‘great unwinding’ by CPLX on Saturday April 04, 2020 @05:02PM (#22781485)
Your board and investors clearly have an exceedingly high regard for their own predictive abilities if they can anticipate the reaction of a specific financial sector two years hence, based on the effects of a crisis that's realistically about 3-4 weeks old.

I'm not saying they are wrong. But the premise that anyone has a fucking clue what's going to happen on what timeline is ludicrous.

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Re:Startups are pummeled in the ‘great unwinding’ by treyfitty on Saturday April 04, 2020 @05:04PM (#22781501)
It doesn’t matter if they’re wrong. That’s what they think. And if they think that, money doesn’t flow in. It becomes a self fulfilling prophecy.
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Re:Startups are pummeled in the ‘great unwinding’ by CPLX on Saturday April 04, 2020 @05:07PM (#22781530)
Well the money doesn't flow in as long as they think it. Which will last however long they want it to.

When you get old and wizened you'll notice the pattern whereby the VC investor types will express the same certainty about everything all the time, even when shifting their opinions 180 degrees regularly and pretending like they've held their most recent opinion the whole time.

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