Quote:
Originally Posted by Paul Markham
I used the word bankers as a way of describing the different entities.
You have now given my post more validity. Thank you. Those venture capitalists will go to their angel investors, speculative investors, etc. And those people will ask the same questions I asked. Or do they just throw money at the wall in hope? They're not betting on the horses and even if they were they would b studying form, trainers, jockeys, etc.
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I am pretty sure that the students Evan Spiegel, Bobby Murphy, and Reggie Brown had no track record when they were raising capital for their fledgling app in 2012. That app now has 160 million daily users. It's called Snapchat.