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by knowsnothing613
5315 days ago
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It's part of the built to flip mentality of the VC world. Look @ Groupon for godsake. The sustainability of its business model is dubious, but they still rushed the IPO, so they could flip it to ma & pa. But ma & pa aren't buying, so Investment Bank clients that got in during the roadshow are unloading en mass, and has sunk the share price below the IPO price, despite the low float. web VCs fund companies they believe they can flip. It's also why they are biased towards late stage funding, since they have a higher chance of flipping over their positions. |
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