Many people ask us if Jason Calacanis, the Internet entrepreneur, is stupid.
Many people ask us if Jason Calacanis, the Internet entrepreneur, is stupid. No, but he says stupid things. While he’s an expert at timing the market, his plan to fix the economy is all backwards.
It’s actually not surprising that Calacanis has attracted a small group of loyal followers who hang on his every word. Let’s review the evidence: He ran a tech magazine in the ’90s but failed to cash out big. Dumb! He sold a bunch of blogs to AOL for $25 million in 2005, before everyone figured out blogs weren’t worth very much. Smart! He squeezed $40 million out of Sequoia Capital, a notoriously tightfisted venture-capital firm, before things went bust in the Valley and Sequoia started telling everyone to lay people off. Smart! He stopped blogging when he realized that it just gave angry people on the Internet a platform to bash him. Smart!
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