# Prof. Aswath Damodaran on the risk of investing in tech IPOs

1 Faculty News April 11, 2014 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](http://online.wsj.com/news/articles/SB10001424052702303873604579493722449634380) -- "'Investors think about how big the diabetes drug market is, see a company offering a diabetes drug, and say, "Let me make a bet on this,"' \[[Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran)\] says. 'There are going to be a couple winners. But no one knows who.'"

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