Hacker News Reader

Are we really at the point where startups are a spectator sport?

edit: Apparently we are. Wow.

It's not about being a spectator sport. It's about identifying (potentially undervalued) opportunities early. I didn't make this list to speculate, it's where I'd put my money if I had money to invest.

"People who can't own their own sports teams play fantasy sports. People who can't invest in the stock market do virtual trading. Why should I be left out? I decided that I'm going to publish my list of investing picks (that I've kept private up til now), so that in the future I can (and you can) look back and see how I do."

Plenty of people say "oh I called it" after the fact. "I knew it was going to be big."

I wanted to publish my list publicly (esp. given YC W13 Demo Day) so I can publicly see my performance over time. No cheating and calling it after the fact. Trust me, if I had access to money to invest, I'd keep this list to myself and put my money where my mouth is.

Reply on news.ycombinator.com