Good Investments are Profitable Investments
So the VC on the block today are
a.looking for profitable ventures at early stages
b.looking for businesses that have kept their early costs low. So they are profitable earlier
c. do not need a lot of financing to make it profitable
However, how many over hyped ventures across the startuposphere have viable business ideas? Unfortunately, valuation today is occurring on the basis of subscriber base for most the over marketed names.
So what is primarily happening is a roll over of hype based value and the sale to the largest fool who cares to pump millions into large databases of bored customers who are over patronized to be dumb enough to like the same thing till they land their heads on the rock.