Another phrase that describes that VC behavior is "herd mindset."
Loved watching the VC implosions over funding "green tech" and "social media" startups.
During "green tech" I remember thinking, "it'll take 20 years just to invent the science for this field, let alone productize it." Yup. Love driving by the Solyndra buildings, now an office for Seagate.
Loved watching the VC implosions over funding "green tech" and "social media" startups.
During "green tech" I remember thinking, "it'll take 20 years just to invent the science for this field, let alone productize it." Yup. Love driving by the Solyndra buildings, now an office for Seagate.
https://www.mercurynews.com/2013/03/01/seagate-plans-180-mil...