Archive for June, 2015

Bloomberg says don’t buy Lyft, Twitter or most startups: Jann Scott’s Journal


Boulder’s Jann Scott : “I know how to make money and not lose money. You can bank on that.”

On Saturday mornings Bloomberg TV News reruns interviews that they did during the week with tech, startup, and VC moguls. Image result for bloomberg businessweek logoToday was telling because the common thread of speakers said the “entire Startup world is loaded with poser VCs and CEOs and bad choices by unsophisticated investors.” There is an illegitimate feeding frenzy going on with people who have more money than brains. As I have written here before investors get hussled by VCs to go into their not so well thought out projects. Some startups will die because they can not “get exited ” Others are “attracting talent and money” when their basic product sucks. ” This detracts from good companies who need good talent and money.” I see this all the time here in Silicon Boulder. Of course here in Boulder seasoned business people like myself are frowned upon when we don’t drink the startup cool aide hustled by local VCs. Sorry boyz seen you coming before you were born. 🙂 Bloomberg says Twitter needs to move fast as it stock plummets. They have big investment here in Boulder. It is a fan fave, but it’s operations, ad model and company focus are in trouble.

Image result for Lyft

The lyft bubble is about to burst.

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Winner winner Chicken Dinner

Lyft which is being heavily touted here in Boulder where our C1N.TV world headquarters is located is being shunned by Silicon Valley investors. “in a battle between Lyft and Uber , Uber will win out. Lyft will go away. It is already gone. Uber stock is rising, has better internal structure, better pickup times , better everything ”   Personally as you know I have invested in Apple, Facebook and Alibaba... and I look for real winners in Silicon Valley. I also like Gold as a hedge and plus I buy Bear market index funds equal to my total investment in case Ron Paul is correct and everything will go to hell in a hand basket next. I have always done that and strongly recommend it . Why ? When the Dot bomb occurred in 2000. I wasn’t wiped out . I made money on the loss. When Osama Bin Laden Bombed the world Trade Center in 2001 and the markets collapsed, I made as much money as the terrorists did. And when George Bush destroyed the American economy in 2008 for every dollar you lost I made two. I dunno much but I do know how to make money and not lose money and that you can take to the Bank. From the Silicon Flat Irons ( made out of plastic ?? what ? Jann Scott Boulder, Colorado Jann Scott’s Journal is the blog of Boulder TV talk host and news and Jann Scott since 2003