Posted November 27th, 2007 by Ralsu
Jessica: In the market right now, they're throwing money around. A lot of foolish money; that's what I'm seeing. The last three years I've done a lot of due diligence on projects for venture capitalists (VCs) and lawyers. And usually what they do, they come to me with a lot of enthusiasm, these VCs: 'Oh, a great project was presented to me. They're going to build a WoW killer in 18 months with 3 million dollars. Oh, and a guy that used to work at Blizzard is on the team, so it'll be a success, right?' And you go through it, you read the plan, and it's all the usual bulls***. You tell them, aw, don't put your money in there. A lot of foolish money right now. That'll go away, okay? (laughter) It's happened before; this is like the third time I've seen this cycle. But yea, anyone with an idea right now can get in front of someone with money.