Sell at the top? Avoid the race to zero!
Berkonomics
FEBRUARY 23, 2023
Competitors, seeing a successful development of a niche, flock into the competitive void with products or services built with a fresh view of the current environment. LivingSocial took in $583 million in capital in 2010 and 2011 with little left in time to show for the investment and tremendous dilution to the founders.
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