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I think this also illustrates a huge issue with venture capital; it can be incredibly reactive, with funding reflecting short-term trends rather than long-term value.

Everything appears obvious in hindsight, but I wonder how Yik Yak could be valued at even close to $400 million. I can't imagine the intrinsic value being that high. What's the path to monetization? A solid userbase? Anybody I know that used it, used it for maybe a week…

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A reactionary is a person who holds political views that favor a return to the status quo ante, the previous political state of society, which they believe possessed characteristics (discipline, respect for authority, etc.) that are negatively absent from the contemporary status quo of a society. As an adjective, the word reactionary describes points of view and policies meant to restore the status quo ante.

https://en.wikipedia.org/wiki/Reactionary

I think he meant _reactive_ , as in:

showing a response to a stimulus. "pupils are reactive to light"

acting in response to a situation rather than creating or controlling it. "a proactive rather than a reactive approach"

Thank you both :) Corrected.

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