The VCs have egg on their face on this one. Mike Novogratz, one of the investors in TerraForm Labs is now opining on the subject.
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The VCs have egg on their face on this one. Mike Novogratz, one of the investors in TerraForm Labs is now opining on the subject.
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My guy got properly rekt. They didn't even give the ink enough time to dry.
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What a dumb ass...
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He should replace LUNA with HIVE. Even if HIVE never moons, it won't become irrelevant.
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I've thrown out these names before, but in this case I think it makes sense: As predictors or prognosticators, Jim Cramer and Mike Francesa have poor records. However, VCs may have even worse records than the host of Mad Money (Cramer) or the Hall of Fame sports radio host (Francesa) also known as "The Sports Pope".
I forget where I saw this stat, but I thought I read somewhere that VCs are right in 2 out of 10 predictions they make when they hand out venture capital. However, the 2 times where the VCs are right more than make up for the 8 times they are wrong, and when they are right they are BIG winners.
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Only put in what you can afford to lose. It's something more people should follow and I guess not having enough assets on hand was their biggest issue with their debt ratio of like 80%.
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I guess it happens in cycles. There are times when people like Mike Novogratz are right. And there are times when people like Tone Vays are right.
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I don't know why but Novogratz doesn't seem to be "made for crypto". He's a good counter indicator for BTC bottoms. He proved that in 2018.
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