"It takes a lot of dead bodies to fill a swamp"
Paul Kedrosky of Infectious Greed is causing trouble again. It's a funny quote; "It takes a lot of dead bodies to fill a swamp; you gotta do this stuff. We gotta screw it up and waste money." I'm having a check my rss feeds, read 'is this another bubble ?' posts before I open excel, go to gym, and watch footy. And then go back to excel.
Mark Evans : "The bubble is back, right? You've got a whack of venture capital flowing into Web 2.0 start-ups - many of them lacking viable business models - while money-losing Vonage is scrambling to cram an IPO down the throats of investors. And then you got Paul Kedrosky tellling everyone (at the folks at the mesh conference) that's alright because "it takes a lot of dead bodies to fill a swamp; you gotta do this stuff. We gotta screw it up and waste money." Not sure this is the kind of statement many LPs would want to hear from a VC but success involves varying degrees of risk, which is something most U.S. VCs understand than their Canadian peers. One thing separating Bubble 2.0 from Bubble 1.0 is the lack of IPOs that warped the investment mentality of entrepreneurs, VCs and retail investors. If anything, this has kept some of the frothiness (but not of all of it!) from happening."
Mark Evans : "The bubble is back, right? You've got a whack of venture capital flowing into Web 2.0 start-ups - many of them lacking viable business models - while money-losing Vonage is scrambling to cram an IPO down the throats of investors. And then you got Paul Kedrosky tellling everyone (at the folks at the mesh conference) that's alright because "it takes a lot of dead bodies to fill a swamp; you gotta do this stuff. We gotta screw it up and waste money." Not sure this is the kind of statement many LPs would want to hear from a VC but success involves varying degrees of risk, which is something most U.S. VCs understand than their Canadian peers. One thing separating Bubble 2.0 from Bubble 1.0 is the lack of IPOs that warped the investment mentality of entrepreneurs, VCs and retail investors. If anything, this has kept some of the frothiness (but not of all of it!) from happening."
posted by redbarren at 1:14 PM
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