I feel certain there was no shortage of people mentioning the impracticality of these schemes when the company was soliciting for investors.
"Told you so" is cheap afterwards.
Does anyone actually value it beforehand? Or is it no longer considered socially acceptable to avoid obvious mistakes?
Is the difference "spending someone else's money?" Were people investing their own funds major participants here, or was this a darling of "fund managers" who are looting other people's purses?
The people who are said it wouldn't work lost credibility as these startups raised rounds at progressively higher valuations. After all, money talks, so clearly the naysayers were missing something...
"Told you so" is cheap afterwards.
Does anyone actually value it beforehand? Or is it no longer considered socially acceptable to avoid obvious mistakes?
Is the difference "spending someone else's money?" Were people investing their own funds major participants here, or was this a darling of "fund managers" who are looting other people's purses?