U.S. Tech Funding – What’s Going On?

Re:U.S. Tech Funding – What’s Going On? by pbreit on Tuesday June 16, 2015 @12:32AM (#9723840)

If you're able to sell a sock for $1m then, yes, it's worth $1m. But I strongly suspect that you could not. Which is why the analogy is flawed.

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Re:U.S. Tech Funding – What’s Going On? by Lawtonfogle on Tuesday June 16, 2015 @09:40AM (#9725639)

You get enough people to preach it is worth $1m and you'll find many individuals really to buy 1/1000 for $900.

Done on a small scale, this would be fraud and would be illegal. But remember, it is illegal because it does work. On the large scale, you just have to wine and dine enough pension fund managers who are in way over their head.

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Re:U.S. Tech Funding – What’s Going On? by hueving on Tuesday June 16, 2015 @12:57AM (#9723907)

No, but you may be able to sell a 0.01% stake in the sock to someone for $100 and tell everyone that makes it worth $1m.

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Re:U.S. Tech Funding – What’s Going On? by kenrikm on Tuesday June 16, 2015 @01:20AM (#9723954)

By telling the investors that while it may look like a sock now, later it'll be a sock puppet and you can sell tickets to the show due to the network effects.

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