5 ms·
I hate to say it, but this is what happens when you have a bunch of people, who have no idea what early stage investing is like, and have them invest in an earl
by bballbackus 16y ago
I hate to say it, but this is what happens when you have a bunch of people, who have no idea what early stage investing is like, and have them invest in an early stage company. It results in:
* the wrong amount of money being given
* extremely high expectations
* 24 / 7 monitoring, with anger if any tiny mistake is made
- wmf 16y agoBTW, Diaspora isn't a company and nobody invested in it. Donating to an open source project != early-stage investing. In Diaspora's case, I suspect many of the donors have low expectations and are not monitoring the project carefully, because it doesn't make sense to spend much time following up on a $20 donation.
- rmc 16y agoJoe Soap who donated might not be monitoring, but the media are. Diaspora was mentioned on the New York Times IIRC. They are going to want to do a follow up, even if it's "Facebook 'killer' is a dud"