Earlier quoted context omitted.
I'm not saying they're the same thing. But there is the appearance that they are effectively "getting out of the game". Not mentioning he is selling stock doesn't mean he hasn't sold some of it. Especially considering Sacca has a lot of Twitter stock and he's ridden the rise and fall from $90+ down to its current levels.
When was Twitter at $90+? I thought it peaked in the high 60s (USD)?
Hanging up my spurs
131–140 of 195 posts
Re: Hanging up my spurs
#132Does anyone know where (or how) to find these organizations?
I'd love to get involved in some of these organizations that are trying to build a better future for our country, and try to contribute/help in any way that I can.
Re: Hanging up my spurs
#133> I am spending a great deal of time meeting with all of the beautifully spontaneous and decentralized organizations that have been popping up in the wake of our electoral calamity as well as dozens of candidates at all levels of government. Does anyone know where (or how) to find these organizations? I'd love to get involved in some of these organizations that are trying to build a better future for our country, and…
Re: Hanging up my spurs
#134Has anyone else noticed that a bunch of people leaving the investing scene/liquidizing in the past year are part of the same circle? Specifically Sacca, Tim Ferriss, and Richard Branson? I'm certain there might be more people.
Well, perhaps. But Sacca is great at it. Ferriss pulled out because he's no good at it. (Easier to be a charlatan in books rather than investing).
Too many startup people worship someone, someone they don't really know anything about, like a god just because they can project their hopes and desires on someone whom has mantained their vagueness with elusiveness and seductive propaganda. Like a pied piper for the purposes of manufacturing memes for profit.
Re: Hanging up my spurs
#135Name another VC that wears spurs
Sometimes I think people in the Valley don't realize they live in a microcosm. I had never heard of Chris Sacca before Shark Tank, and I've raised venture capital in the Bay Area before.
Re: Hanging up my spurs
#136Re: Hanging up my spurs
#137Earlier quoted context omitted.
Well, perhaps. But Sacca is great at it. Ferriss pulled out because he's no good at it. (Easier to be a charlatan in books rather than investing).
>Ferriss pulled out because he's no good at it. (Easier to be a charlatan in books rather than investing). Can you elaborate on that? He's spoken about his startup portfolio being a disturbingly high portion of his net worth because it's grown rapidly and is illiquid.
Re: Hanging up my spurs
#138Re: Hanging up my spurs
#139Re: Hanging up my spurs
#140Earlier quoted context omitted.
Chris won the Twitter lottery.... and the Uber lottery.... and the Instagram lottery..... and a bunch of other lotteries. Had arguably the best run of seed investing in history.
Is there proof he got in early on all these and made money? I think it's been pretty established he got in super early on Twitter and made a ton of money, but I don't know about the Uber or Instagram. I sound like a hater, but just because you "invested in" those companies doesn't mean you made money or were a smart investor.