Bravo. This was a very well written piece. However, I hate to make this concession but I really did not understand it.
You said that exclusivity was a salient feature of venture capital. How. In what why. If 5 guys all invest in a project, there are five owners and no one owner has exclusive ownership of the business. If someone is investing in housing, energy and transportation, he is not investing exclusively in one thing. So where and what is exclusive
What is stonk/ or is it stonks
Is this a mythical entity or project on which you can project our myriad feelings about financial machinations and mercantile concerns.
It reminds me of the Nasdaq boom and crash around 2000 and 2001. Some of these new digital wonderboys had PE rations of 100 to 1, i.,e; the price of the stock was in the stratosphere, but the earnings were next to nothing. the wealth was largely illusory. The stocks were often empty shells.
Bravo. This was a very well written piece. However, I hate to make this concession but I really did not understand it.
You said that exclusivity was a salient feature of venture capital. How. In what why. If 5 guys all invest in a project, there are five owners and no one owner has exclusive ownership of the business. If someone is investing in housing, energy and transportation, he is not investing exclusively in one thing. So where and what is exclusive
What is stonk/ or is it stonks
Is this a mythical entity or project on which you can project our myriad feelings about financial machinations and mercantile concerns.
It reminds me of the Nasdaq boom and crash around 2000 and 2001. Some of these new digital wonderboys had PE rations of 100 to 1, i.,e; the price of the stock was in the stratosphere, but the earnings were next to nothing. the wealth was largely illusory. The stocks were often empty shells.