My Dummest Investment Ever – Cars Direct


Michael Arrington wrote a piece about his Cars Direct experience and gave it a positive review.

This Company needs a lot more than positive reviews to make it’s “Bubble” investors back any money.

I am always attacking when I hear the blogosphere talk about a Web 2.0 Bubble. It’s like Robert Shaw comparing shark scars with Richard Dreyfuss in “Jaws”. Please…

The years 1999 and 2000 were bubbles. Cars Direct raising $1 billion – before getting public – to sell cars at negative gross margins…IS A BUBBLE. Lowly hedge fund pisser me feeling priviledged to get shares in their Q round offering… IS A BUBBLE.

Obviously, the Company has somehow built a business model – but give me a billion dollars and I will too.

Today’s startups will never be given that luxury.

I hope to see a part of my investment back, but even if I make money (NOT HAPPENING) – it was a stupid investment and a lasting investing scar that never heals but should (did) make you smarter.

I would love the money back though :) .


  1. Steven says:

    I dunno maybe they could try that payforpost thing…that and a little adsense. Seriously though, great site…I would never buy a car without checking at Edmunds and Carsdirect…not saying I am going to buy at Carsdirect..but I use the price as a reference point when I go to the dealer. Dont know how you monetize that…but I guess that was your point.

  2. LolitochkaBC says:

    Ааану-к рбетки голосуем!!!

    Признавайтпсь проквзники и владельбцы сайта ))))

    ЧТО вы будете елдать этим летос?!

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