Carter invested blindly in ContextLogic and missed the Wish pivot
Troy Carter · Ep 50: Troy Carter on Discovering Lady Gaga, Future of Music, and Speaking Out on School Choice · Joe Lonsdale · Mar 22, 2023 · at 22:31
Music manager and investor Troy Carter recalls angel investing in ContextLogic (which later became Wish) alongside Joe Lonsdale.
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“And you said you were gonna invest, and you said Troy, you should put some money in. And, you know, I honestly, I had no idea what Peter was talking about. Like, I had, you know, a little inkling, but you trusted him so much, and I trusted you so much, I'm like, I'm gonna follow Joe. I think three years later is when I even found out Context Logic pivoted to Wish. Because Peter never sent out investor updates.”
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