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Comment by vsareto | Hacker News Reader

They gambled on a profit-less company IPO and lost. I'd say there was some hindsight.

I'd like to see how many tech companies are showing a profit when they IPO.

ALso, 500M is a lot of money but it's not THAT much money when you're running a multi-billion dollar company and responsible for delivering billions in revenue. To get those numbers you have to invest in things. NBC isn't sitting around wondering if they can eek out another million dollars of ad buys for the TODAY show this quarter.

I think the major tech companies aka Apple, Google, Microsoft, or even Facebook and Oracle etc where all profitable at IPO. You might get a lot of unprofitable tech IPO’s, but they are less likely to last and thus grow.

Great. I assume you shorted them at IPO and reaped a fortune. Otherwise, my point stands :)

NBC could just give me 500M and I could probably just do a lazy-three portfolio and out perform anything else they're considering.

What is a lazy-three portfolio?

https://www.bogleheads.org/wiki/Lazy_portfolios

wow TIL, thanks.

There’s a huge difference between having the foresight to say this is risky and predicting it will crash to $5 in 372 days. One is prudent investing the other is gambling.

There is NO DIFFERENCE between investing and gambling.

I totally agree. Maybe there are different degrees of gambling ie informed vs blind, but it is all gambling. Unless you are talking about fixed income.

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