Venture capitalists prioritize avoiding looking stupid over generating massive returns
Peter Friedman · 905 Went Public, $650m Market Cap, Crashed, Now $10m ARR But Only $1.8m Market Cap, Why? · Jan 15, 2018 · at 22:51
LiveWorld CEO Peter Friedman explains to Nathan Latka why institutional investors avoid buying low-priced microcap public stocks despite potential value upside.
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“And while most people think these guys invest with the primary goal is to show a big win, the primary goal is not to look stupid.”
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