Throwing Good Money After Bad at Value America
from the the-money-pit dept
This is happening in a lot of dot com companies today as investors are trying to salvage some sort of return on all the money they’ve dumped into questionable companies. The latest is Value America. What’s surprising, though is the article that was written about it in ZD, which basically is saying the exact same thing I am. Usually the articles ignore the “throwing good money after bad” angle, and say “oh, look, this company is doing well ’cause they just raised a lot more money”. I’m glad to see some reporters are seeing things for what they really are.