shameless rumormongering

Rumors & Acquisitions: Dirty Tricks of Investors and VCs, and Wait, We’ve Seen That Lumier Dude Before

rumormonger

Disruptive rumors!

BLIND LEADING THE BLIND’S ROUND. Betabeat was hanging outside of TechCrunch Disrupt yesterday having a cigarette when we struck up a conversation with an Israeli investor in town for the conference. His firm invests in start-ups, and then sends them to Silicon Valley to raise a second round, at which time the initial investorsĀ cash out. One of his companies had just raised $7 million, he bragged. “Valuations in the Valley are very high,” he said knowingly. “It’s great for investors.” Betabeat expressed our chagrin and investor rapidly started backpedaling, saying he thinks the Valley’s valuations are totally on point. Read More