This is a no-brainer folks. There are no more good deals to be had in the early investment space anymore. They’re all gobbled up by VC funds, milked for everything they’ve got, then dumped onto the investing public at absurd valuations, enriching bastard venture capitalists in the process.
The opportunity to get into an exciting company at the ground floor and benefit from their parabolic growth is now reserved for the world’s elites.
You, Joe blow investor, are an ATM machine for VC funds.
Seeing the writing on the walls, Gene Munster is leaving his post at Piper Jaffray to launch his own VC fund.
Good for him.
Benzinga with the details:
Long considered the top analyst covering Apple Inc and other important tech names, Piper Jaffray senior analyst Gene Munster will be leaving the firm in order to start a new venture capital firm.
Munster will be joined by long-time associates Doug Clinton and Andrew Murphy to start Loup Ventures, a firm that will be investing in virtual reality, augmented reality, artificial intelligence and robotics.
Munster joined Piper Jaffray in 1995 and has covered the digital media space.
In addition to numerous blockbuster bullish calls on Apple, Munster was also considered a top source on big tech and internet names like Facebook, Google, Amazon, and Yahoo!
We can expect Gene Munster to serve us steaming piles of Twitters, Snapchats, and DJI’s to us someday soon.
PJC stock is up 1.5% today because, well we’re rallying and stocks are just binary bits married to the US exchange.Comments »