Esther Dyson on the lack of wisdom of the (Angel) Crowd

Esther Dyson in a conversation with PE Hub’s Connie Loizos:

“…the most “promising deals” are…overpriced. I think the most promising deals are those that aren’t the video sharing sites, or the Paths or the Colors or the ex-Facebook buddies who are getting a $20 million valuation on the basis of nothing.

There’s this presumption that you need to be part of that circuit, and I think that crowd is very self-referential and missing the truly interesting companies.”

Amen, sister!

Musings
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Om Malik is a San Francisco based writer, photographer and investor. Read More

2 thoughts on this post

  1. It is interesting that a large percentage of Angels and VC’s agree with this, however even if you have a company with a unique idea, most of them won’t even listen to your pitch if you haven’t already generated interest from that “crowd”.

    1. That is because it is much harder to take independent decisions and not be part of the crowd. It is hard to walk alone – especially when no one else sees what you see. But then makes you unique 🙂

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