The truth is that VCs don't invest in the media outlets because they are going to be the next Facebook or Google. No, instead they invest in the media outlets because it helps them promote their investments. There simply is no reason to invest in media outlets for the direct ROI upon exit. They will never be worth enough.
https://twitter.com/pmarca/status/432909760984145920
The truth is that VCs don't invest in the media outlets because they are going to be the next Facebook or Google. No, instead they invest in the media outlets because it helps them promote their investments. There simply is no reason to invest in media outlets for the direct ROI upon exit. They will never be worth enough.