[jim_greco]

Talking your book much? This story is so contrived that it hinges on a comically inept founder taking $200M to solely spend on an advertising campaign on the platform of the person investing it. If this is the best example a VC can offer to cram down valuations then I'm pretty sure founders are going to keep reaching toward those unicorn valuations.

[x0x0]

ever heard of living social? How much of amazon's investment was recycled into purchases (obviously with lower margins than ads) on amazon when they offered a $20 amazon gift card for $10?

[paulpauper]

Seems everyone wants their 'I told you so' moment. Why can't we just accept that web 2.0 and these high valuations aren't going away?