[icedchai]

How about Pets.com, eToys, Webvan, Kozmo, and hundreds of others from the dot com days? It's easy to look backwards and cherry pick success or failure. Timing is also very important. Many stocks go no where for years (like MSFT for most of the 2000's)

[Karunamon]

The difference being that while everyday plebs like you and me without a quarter million to sling around couldn't have touched those at IPO, there would have been nothing at all stopping me from plowing my entire net worth into their stocks once the IPO period was over.

Or companies like Enron. Pick a random crypto from coinmarketcap and their creators likely had better financials...

[itake]

or Yahoo

[ghaff]

Of course Yahoo--like many other dot-com stocks that IPOd--would have been a great investment if you got in early-on and got out before the crash.

So, yes, it can be all about the timing.