Peter Kafka of Silicon Alley Insider hosts Finally, a VC Firm With The B**ls To Tell It Like It Is, a slide presentation created by venture capital firm WhinerJerkins. Some of the tips include:
- Turns out poor people can't pay the mortgage on their $500 million homes by selling their furniture and TVs on Craiglist for more than about 26 months. (slide 6)
- Try charging for your product. It probably won't work.
We're not sure, because nobody we know has ever attempted it. (slide 18)
It's worthwhile viewing this embedded PowerPoint.
Turns out poor people can't pay the mortgage on their $500 million homes by selling their furniture and TVs on Craiglist for more than about 26 months.
More to the point, the middle class (shockingly) couldn't, either.
Posted by: DF | Oct 19, 2008 at 05:19 PM