So now whenever someone with a successful past history does something moderately contrarian, people are just going to recite the banking collapse?
"Rebecca Black signed onto the same record label as Miley Cyrus, I think the label knows what they are doing" ... "We all though Lehman Bros knew what they were doing, dude"
Anyway, I like people that stray from the field and do contrarian things that other people think are crazy, if nothing else in 10 years it'll be exceedingly satisfying for these kinds of investors to point at all the haters (and if they fail, well, everyone was right blah blah serves them right for taking risks)
Ok agree the Lehman Brother example was a bit corny, but the point I'm trying to make is that we all make mistakes, including top investors like Sequoia - in fact the business model of a VC fund is to invest in 10 equally promising startups and hope 1 of them will make 100x profit and cover the loss of the other 9, and Color could be one of the 9.
Also, being a contrarian investor means you sell in a bubble (when everyone is buying) and buy in a crash (when everyone is selling).
"Rebecca Black signed onto the same record label as Miley Cyrus, I think the label knows what they are doing" ... "We all though Lehman Bros knew what they were doing, dude"
Anyway, I like people that stray from the field and do contrarian things that other people think are crazy, if nothing else in 10 years it'll be exceedingly satisfying for these kinds of investors to point at all the haters (and if they fail, well, everyone was right blah blah serves them right for taking risks)