The trajectory of Better Place and the character of the founder Shai Agassi is almost analogous with another recent super failure of a promising Brazilian oil venture OGX Petróleo e Gás and its founder Eike Batista [1].
It is like a case of bubble cycle representation in a singe investment venture.
The pattern here is that the impressive early success of a charismatic founder is accepted as a promising billion dollar venture by some prominent investors. At this point the visionary founder gets lost in positive feedback loop and looses touch with reality. Eventually the the bubble bursts and the business goes under.
It is like a case of bubble cycle representation in a singe investment venture.
The pattern here is that the impressive early success of a charismatic founder is accepted as a promising billion dollar venture by some prominent investors. At this point the visionary founder gets lost in positive feedback loop and looses touch with reality. Eventually the the bubble bursts and the business goes under.
[1] Batista Loses $15 Billion as Brazil Awakes From Dream. http://www.bloomberg.com/news/2012-07-12/batista-loses-15-bi...