The VCs were in the same industry both times, though: Making money by selling property.
They’re not interested in selling do-dads, or softwhizzles. They want to sell the company, and that’s making the same play in the same game every time.
While I agree, their decision dissolved one of them. They picked the up and coming product over the one activity making money, burned through the capital and the new product never made it to market.
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The VCs were in the same industry both times, though: Making money by selling property.
They’re not interested in selling do-dads, or softwhizzles. They want to sell the company, and that’s making the same play in the same game every time.
While I agree, their decision dissolved one of them. They picked the up and coming product over the one activity making money, burned through the capital and the new product never made it to market.