Quote:
Originally Posted by Joykins
Raiding venture capital is not a long-term successful business plan.
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It can, however, be a profitable career plan for the top level execs.
Or the early investors.
A lot of startups operate under a three step plan:
1- Build up a big customer base and a lot of buzz
2- Sell out while the buzz is hot, preferrably to an old media company
3- Watch the implosion from a safe distance
C.F., AOL TIME WARNER
