More Musings on ActiveRain Investment

Paul Kedrosky on why HouseValues’ investment in ActiveRain is the Worst Timed Investment Ever:

Worst: Real estate is in the tank and likely to stay there for some time. Venture capitalists are atrocious market timers, and this is, if anything, a sign things are going to get worse. Further, building a social network for real estate agents is like building one for residents of a rapidly southward-drifting ice flow.

Agree or disagree?

[poll=7]

Further, if $2.75 million buys a minority stake in ActiveRain, any guesses to the total valuation of the company?