jbreinlinger's comments

jbreinlinger | 12 years ago | on: Equity crowdfunding is doomed as an asset class

>> the key assumption that's baked into that statement is that everyone universally recognizes the 'best deals'. Of course that's not certain. The wisdom of the crowd may be better than VCs at recognizing the 'best deals'. I can easily imagine 'best deals' that the crowd identifies that VCs wouldn't fund.

Wholeheartedly agree with your statement - but keep in mind that VCs typically get access to way more information than what's available through a crowdfunding site.

jbreinlinger | 12 years ago | on: Equity crowdfunding is doomed as an asset class

All fair points. Especially the notion of api-company w developer investors. Investors naturally become evangelists for the company and that could prove to be amazing. Hasn't played out yet, but I believe it can be powerful.

I think Zenefits is an awesome company as well. With regards to allocating a slice to the crowd, I don't know how often that will happen. At least for me personally, if I commit to invest, I typically want to invest as much as possible (trying to learn from Buffett). That would likely mean that if I was investing in a round I would prefer that no slice is allocated to non-value add investors. Could certainly debate whether or not the "crowd" is a value-add investor.

jbreinlinger | 13 years ago | on: How to get the truth from VCs

I loved the quote though, just had to use it. I scanned all of the comments from the original post and the "Maserati" one was my hands-down favorite. :)

jbreinlinger | 14 years ago | on: VCs are liars. And so am I.

btw, I love being proven wrong as well.

It gives me incredibly important data. I always reflect on past decisions, good and bad. It helps minimize the bad ones and maximize the good ones.

jbreinlinger | 14 years ago | on: Testing Benford's Law

It seems to me there's a lot of interesting psychology elements to this, but it's also a simple reflection of relatively constant growth rates. If population of cities grow 3% every year, they will spend a lot more years in the 1 millions than the 9 millions, etc

Chart looks like this. https://url.odesk.com/a7och

page 1