Tuesday, 21 June 2011
I said 6mths + ago already! The BLN | GroupOn – Ponzi schemes, insolvency, the next Amazon and proxy valuations
The BLN | GroupOn – Ponzi schemes, insolvency, the next Amazon and proxy valuations
don't think it is harsh, I already says so last year, Groupon's is not sustainable, its a fad, and erm, buyer's beware.. original, no doubt badly put together post below:
to be frank, weakness of internet startup is that most of them are focus on short term and the flip (sometimes forced by the VCs that are backing them or peer pressure or indeed lack of vision).. but should we be judge on whether they should do it?
Ultimately if no one gets hurt, would it be ok? would anyone be hurt if we somehow play a role in continuing this bubble by not bursting it?? would people listen to us?? sadly not likely.
a somewhat proud naysayer.