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comment by kleinbl00
kleinbl00  ·  2152 days ago  ·  link  ·    ·  parent  ·  post: Hyrecar IPO - Renting cars to uber drivers - What could go wrong

Hey - if their VCs bought in at 2, and can sell at 6, they make money. That it's all downhill from there doesn't much matter.

David Rosenberg pointed out that something like 20% of brokers practicing today were practicing in 2008. That means the number of investors out in the field who remember the dotcom bust is vanishingly small.





HGL  ·  2152 days ago  ·  link  ·  

I was thinking Pets.com too actually but pets.com was actually a better idea. This idea has 0 chance of working and even if it did work it would just get copied by Uber and done better. My pension fund will probably buy into this...