It's depressing that Amazon paid four times as much for this business as Bezos did for the Washington Post.
The 99% (of startups)
11–20 of 176 posts
Re: The 99% (of startups)
#12I kind of don't understand this post.
Surely Twitch is an example of the 1%, not the 99%?
Not that I disagree with the end sentiment - I'm currently at a startup that was acquired as part of the 99%, but I don't think this is the most effective person to be saying this.
Re: The 99% (of startups)
#13I kind of don't understand this post. Surely Twitch is an example of the 1%, not the 99%? Not that I disagree with the end sentiment - I'm currently at a startup that was acquired as part of the 99%, but I don't think this is the most effective person to be saying this.
Twitch is surely an example of the 1% now, but he's saying that you may not be at that point yet and still have a great startup, regardless of what you are valued at, at this moment.
Re: The 99% (of startups)
#14"There is a tremendous amount of excitement about the top 1% of startups, but there are hundreds if not thousands more startups that will make their founders and investors rich." I cannot agree more with Justin and we have had several investment cases like that.
What an odd comment. Reads like a spam for "zillionize".
Re: The 99% (of startups)
#15What the hell is he talking about?
Is the summary of that article something like "this one VC didn't buy shares from me but then I got rich so fuck the haters 99% of you are going to be rich too" or something?
The article is like a word salad.
Re: The 99% (of startups)
#16I kind of don't understand this post. Surely Twitch is an example of the 1%, not the 99%? Not that I disagree with the end sentiment - I'm currently at a startup that was acquired as part of the 99%, but I don't think this is the most effective person to be saying this.
Twitch is surely an example of the 1% now, but he's saying that you may not be at that point yet and still have a great startup, regardless of what you are valued at, at this moment.
Right. He's saying that Twitch is a 1%-er now, but even 9 months before their deal they were in the 99%, aka VCs are clueless sometimes.
Re: The 99% (of startups)
#17It's depressing that Amazon paid four times as much for this business as Bezos did for the Washington Post.
27 million people watched the League of Legends world championship[1] which is on par (or better) than MLB & NBA championships. It's pretty clear eSports is going to be huge. Having the biggest streaming site/brand will be valuable and doesn't seem crazy in that perspective.
[1] http://espn.go.com/espn/story/_/page/instantawesome-leagueof...
Re: The 99% (of startups)
#18Earlier quoted context omitted.
Twitch is surely an example of the 1% now, but he's saying that you may not be at that point yet and still have a great startup, regardless of what you are valued at, at this moment.
Right. He's saying that Twitch is a 1%-er now, but even 9 months before their deal they were in the 99%, aka VCs are clueless sometimes.
No, it is simply very hard to make the call.
Re: The 99% (of startups)
#19It's depressing that Amazon paid four times as much for this business as Bezos did for the Washington Post.
I would guess that the cost of running Twitch is much less than 1/4 of the cost of running Washington Post. You have a few servers and a handful of programmers vs. hundreds of reporters.
Re: The 99% (of startups)
#20"I tried to sell some of my startup shares for below what the market turned out to be willing to pay for them, but people said no because it wasn't trendy and it sort of hurt my feelings, but then I got rich so haha!"
I feel really sorry for you bro. If you want some consolation you're free to PM me and we can totally hang out and you can buy me a house.