[jbrown]

So, they are making VC firms ooohhhh and ahhhh while having their pockets turned out??? Wouldn't a VC (at some point in the meeting) ask "ok the growth is nice, but where is the ROI????"

Billions and billions were invested and lost in the dot.com crash of the late 90's based on investing in companies that reported the "# of eyeballs" they had captured. Not profits, not even revenues - just the future potential based on having lots of (non-paying) customers. Not the first time, and won't be the last time.

[Ryan Shiroky]

Billions and billions were invested and lost in the dot.com crash of the late 90's based on investing in companies that reported the "# of eyeballs" they had captured. Not profits, not even revenues - just the future potential based on having lots of (non-paying) customers. Not the first time, and won't be the last time.

I totally understand that... but it still makes no sense...

"Insanity: doing the same thing over and over again and expecting different results." - Albert Einstein