Re:Calacanis: Collapsing Economy Will Kill 50%-80% Of Startups
by froo on Sunday September 28, 2008 @09:10AM
(#317585)
That's not even remotely close to the point - you're looking at it using the magical power of hindsight.
Not being a VC myself I can't really comment with any certainty, but plain logic dictates that they would try to make investments based on the information they have available at the time.
I think what the original commenter was trying to say is that in times of economical uncertainty, a lot of people looking to invest will probably invest in places that have potential for larger than average returns.
So making those kinds of comments don't particularly add to the conversation I wouldn't have thought.
It took them few years to be profitable.