--- title: "Meaning & Key Takeaway of: For too long people have backed companies…" description: "\"For too long people have backed companies on hope value rather than solid products coming out. Now we are coming out the other side.\" — Daniel Morgan" image: "https://sms4smile.com/quotes/i/457/daniel-morgan-46352_backed_for-too-long-people-have-backed-companie_2121179.jpg" --- # For too long people have backed companies on hope value… ![“For too long people have backed companies on hope value rather than solid products coming out. Now we are coming out the other side.” quote by Daniel Morgan](https://sms4smile.com/quotes/i/457/daniel-morgan-46352_backed_for-too-long-people-have-backed-companie_2121179.jpg) [Download](https://sms4smile.com/quotes/i/457/daniel-morgan-46352_backed_for-too-long-people-have-backed-companie_2121179.jpg) [Open image](https://sms4smile.com/quotes/i/457/daniel-morgan-46352_backed_for-too-long-people-have-backed-companie_2121179.jpg) > “For too long people have backed companies on hope value rather than solid products coming out. Now we are coming out the other side.” [Daniel Morgan](https://sms4smile.com/quotes/author/daniel-morgan/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Investors often prioritize hype over tangible product quality, leading to market misalignments; a shift toward product fundamentals is emerging. **In simple terms:** People fund hype, not real products; now focus changes. Key Takeaway Prioritize building solid products over chasing hype. Themes investment product development market dynamics Mood cautious analytical Type business strategic When to use this quote - startup fundraising - product launch - venture capital decisions - company pivots Key Concepts valuation hype cycles product-market fit Questions to Reflect On - How can investors better assess product readiness? - What metrics reveal true product value? A Different Perspective Hype can mask underlying product flaws, risking long‑term viability. ★ ★ ★ ★ ★ No ratings yet [Backed](https://sms4smile.com/quotes/about/backed/) [Backed Companies](https://sms4smile.com/quotes/about/backed-companies-4327553/) [Coming](https://sms4smile.com/quotes/about/coming/) [Companies](https://sms4smile.com/quotes/about/companies/) [Companies Hope](https://sms4smile.com/quotes/about/companies-hope-902014/) [Hope](https://sms4smile.com/quotes/about/hope/) [Hope Value](https://sms4smile.com/quotes/about/hope-value-4327554/) [Long](https://sms4smile.com/quotes/about/long/) [Now](https://sms4smile.com/quotes/about/now/) [Other](https://sms4smile.com/quotes/about/other/) [Out](https://sms4smile.com/quotes/about/out/) [People](https://sms4smile.com/quotes/about/people/) [People Backed](https://sms4smile.com/quotes/about/people-backed-2277464/) [Products](https://sms4smile.com/quotes/about/products/) [Products Coming](https://sms4smile.com/quotes/about/products-coming-891659/) [Rather](https://sms4smile.com/quotes/about/rather/) [Side](https://sms4smile.com/quotes/about/side/) [Solid](https://sms4smile.com/quotes/about/solid/) [Than](https://sms4smile.com/quotes/about/than/) [Too](https://sms4smile.com/quotes/about/too/) [Too long](https://sms4smile.com/quotes/about/too-long/) [Value](https://sms4smile.com/quotes/about/value/) ## Related quotes > [I have to tip my hat to those who have worked closely with me from the start. All these people have backed me up…](https://sms4smile.com/quotes/joachim-low/i-have-to-tip-my-hat-to-those-who-have-worked-closely-with-me-from/) [Joachim Low](https://sms4smile.com/quotes/author/joachim-low/) > [Making media companies that you hope to sell is not a lot of fun for anyone who cares deeply about making media.](https://sms4smile.com/quotes/john-battelle/making-media-companies-that-you-hope-to-sell-is-not-a-lot-of-fun-for/) [John Battelle](https://sms4smile.com/quotes/author/john-battelle/) > [Clients are becoming more and more savvy. They know what's happening in the brands; they know the new products that are coming out.](https://sms4smile.com/quotes/delphine-arnault/clients-are-becoming-more-and-more-savvy-they-know-what-s-happening/) [Delphine Arnault](https://sms4smile.com/quotes/author/delphine-arnault/) > [I love all of these new products that are coming out, things like headphones with cute, catchy names. There is also so much going…](https://sms4smile.com/quotes/stephanie-seymour/i-love-all-of-these-new-products-that-are-coming-out-things-like/) [Stephanie Seymour](https://sms4smile.com/quotes/author/stephanie-seymour/) > [Everyone holds a secret and that's just true about everyone. So at the end of the day it's amazing what people will do when…](https://sms4smile.com/quotes/matt-barr/everyone-holds-a-secret-and-that-s-just-true-about-everyone-so-at-the/) [Matt Barr](https://sms4smile.com/quotes/author/matt-barr/) > [I didn't want to be beholden to one person. So I did something where I had hundreds of people who backed the work. I…](https://sms4smile.com/quotes/molly-crabapple/i-didn-t-want-to-be-beholden-to-one-person-so-i-did-something-where-i/) [Molly Crabapple](https://sms4smile.com/quotes/author/molly-crabapple/) > [It is best to be born in April or August when the life-giving Sun is in its exaltation sign Aries or Leo, its home,…](https://sms4smile.com/quotes/max-heindel/it-is-best-to-be-born-in-april-or-august-when-the-life-giving-sun-is/) [Max Heindel](https://sms4smile.com/quotes/author/max-heindel/) > [There are many people who believe in me and have backed me. I owe it to them - and not just to myself -…](https://sms4smile.com/quotes/ravichandran-ashwin/there-are-many-people-who-believe-in-me-and-have-backed-me-i-owe-it/) [Ravichandran Ashwin](https://sms4smile.com/quotes/author/ravichandran-ashwin/) > [Our fanbase have always backed the music. They will follow you through the depths of hell and that's something I love about them.](https://sms4smile.com/quotes/calum-hood/our-fanbase-have-always-backed-the-music-they-will-follow-you-through/) [Calum Hood](https://sms4smile.com/quotes/author/calum-hood/) > [Yes, we were looking for a Faith spin-off, but then Faith backed down. Eliza got a really wonderful offer over on Fox in a…](https://sms4smile.com/quotes/james-marsters/yes-we-were-looking-for-a-faith-spin-off-but-then-faith-backed-down/) [James Marsters](https://sms4smile.com/quotes/author/james-marsters/) > [I think one game we played the Oakland Raiders and Jack Tatum and I had an accident on the one-yard line. The only thing…](https://sms4smile.com/quotes/earl-campbell/i-think-one-game-we-played-the-oakland-raiders-and-jack-tatum-and-i/) [Earl Campbell](https://sms4smile.com/quotes/author/earl-campbell/) > [You are a coward when you even seem to have backed down from a thing you openly set out to do](https://sms4smile.com/quotes/mark-twain/you-are-a-coward-when-you-even-seem-to-have-backed-down-from-a-thing/) [Mark Twain](https://sms4smile.com/quotes/author/mark-twain/) > [My songs are all about celebrating poignant music. While some of them focus on fun and revelry, they are fortunately backed by powerful lyrics.…](https://sms4smile.com/quotes/kailash-kher/my-songs-are-all-about-celebrating-poignant-music-while-some-of-them/) [Kailash Kher](https://sms4smile.com/quotes/author/kailash-kher/) > [We have to start processing what we're really made of in America. American character is not dead. American integrity and honesty are not dead.…](https://sms4smile.com/quotes/josh-fox/we-have-to-start-processing-what-we-re-really-made-of-in-america/) [Josh Fox](https://sms4smile.com/quotes/author/josh-fox/) > [Basically, Pizza Hut just backed out on the ad agency at the last minute. They got fired and we got fired. It was a…](https://sms4smile.com/quotes/gene-ween/basically-pizza-hut-just-backed-out-on-the-ad-agency-at-the-last/) [Gene Ween](https://sms4smile.com/quotes/author/gene-ween/) ## More by Daniel Morgan > [Where you have no religion, you are sure to have no government, for as religion disappears, anarchy takes place and fixes a compleat Hell…](https://sms4smile.com/quotes/daniel-morgan/where-you-have-no-religion-you-are-sure-to-have-no-government-for-as/) [Daniel Morgan](https://sms4smile.com/quotes/author/daniel-morgan/) > [I haven't heard anything or seen anything out there that would lead me to believe that all of a sudden there's an unexpected drop…](https://sms4smile.com/quotes/daniel-morgan/i-haven-t-heard-anything-or-seen-anything-out-there-that-would-lead/) [Daniel Morgan](https://sms4smile.com/quotes/author/daniel-morgan/) > [An offensive war, I believe to be wrong and would therefore have nothing to do with it, having no right to meddle with another…](https://sms4smile.com/quotes/daniel-morgan/an-offensive-war-i-believe-to-be-wrong-and-would-therefore-have/) [Daniel Morgan](https://sms4smile.com/quotes/author/daniel-morgan/) > [As to war, I am and always was a great enemy, at the same time a warrior the greater part of my life and…](https://sms4smile.com/quotes/daniel-morgan/as-to-war-i-am-and-always-was-a-great-enemy-at-the-same-time-a/) [Daniel Morgan](https://sms4smile.com/quotes/author/daniel-morgan/) > [We know that government intervention in the free market, and Argentine history has shown this, absolutely ends in a boomerang.](https://sms4smile.com/quotes/daniel-morgan/we-know-that-government-intervention-in-the-free-market-and-argentine/) [Daniel Morgan](https://sms4smile.com/quotes/author/daniel-morgan/) > [I believe in one God, the first and great cause of goodness. I also believe in Jesus Christ, the rebirth of the world. I…](https://sms4smile.com/quotes/daniel-morgan/i-believe-in-one-god-the-first-and-great-cause-of-goodness-i-also/) [Daniel Morgan](https://sms4smile.com/quotes/author/daniel-morgan/) > [I further believe that all must be saved through the merits of Christ.](https://sms4smile.com/quotes/daniel-morgan/i-further-believe-that-all-must-be-saved-through-the-merits-of-christ/) [Daniel Morgan](https://sms4smile.com/quotes/author/daniel-morgan/) [Explore all 8 Daniel Morgan quotes ](https://sms4smile.com/quotes/author/daniel-morgan/) ## More Backed quotes > [Basically, Pizza Hut just backed out on the ad agency at the last minute. They got fired and we got fired. It was a…](https://sms4smile.com/quotes/gene-ween/basically-pizza-hut-just-backed-out-on-the-ad-agency-at-the-last/) [Gene Ween](https://sms4smile.com/quotes/author/gene-ween/) > [We have to start processing what we're really made of in America. American character is not dead. American integrity and honesty are not dead.…](https://sms4smile.com/quotes/josh-fox/we-have-to-start-processing-what-we-re-really-made-of-in-america/) [Josh Fox](https://sms4smile.com/quotes/author/josh-fox/) > [My songs are all about celebrating poignant music. While some of them focus on fun and revelry, they are fortunately backed by powerful lyrics.…](https://sms4smile.com/quotes/kailash-kher/my-songs-are-all-about-celebrating-poignant-music-while-some-of-them/) [Kailash Kher](https://sms4smile.com/quotes/author/kailash-kher/) > [You are a coward when you even seem to have backed down from a thing you openly set out to do](https://sms4smile.com/quotes/mark-twain/you-are-a-coward-when-you-even-seem-to-have-backed-down-from-a-thing/) [Mark Twain](https://sms4smile.com/quotes/author/mark-twain/) > [I think one game we played the Oakland Raiders and Jack Tatum and I had an accident on the one-yard line. The only thing…](https://sms4smile.com/quotes/earl-campbell/i-think-one-game-we-played-the-oakland-raiders-and-jack-tatum-and-i/) [Earl Campbell](https://sms4smile.com/quotes/author/earl-campbell/) > [Yes, we were looking for a Faith spin-off, but then Faith backed down. Eliza got a really wonderful offer over on Fox in a…](https://sms4smile.com/quotes/james-marsters/yes-we-were-looking-for-a-faith-spin-off-but-then-faith-backed-down/) [James Marsters](https://sms4smile.com/quotes/author/james-marsters/) > [Our fanbase have always backed the music. They will follow you through the depths of hell and that's something I love about them.](https://sms4smile.com/quotes/calum-hood/our-fanbase-have-always-backed-the-music-they-will-follow-you-through/) [Calum Hood](https://sms4smile.com/quotes/author/calum-hood/) > [There are many people who believe in me and have backed me. I owe it to them - and not just to myself -…](https://sms4smile.com/quotes/ravichandran-ashwin/there-are-many-people-who-believe-in-me-and-have-backed-me-i-owe-it/) [Ravichandran Ashwin](https://sms4smile.com/quotes/author/ravichandran-ashwin/) > [It is best to be born in April or August when the life-giving Sun is in its exaltation sign Aries or Leo, its home,…](https://sms4smile.com/quotes/max-heindel/it-is-best-to-be-born-in-april-or-august-when-the-life-giving-sun-is/) [Max Heindel](https://sms4smile.com/quotes/author/max-heindel/) > [I'm not backed by the super PACs and the big corporations.](https://sms4smile.com/quotes/wayne-messam/i-m-not-backed-by-the-super-pacs-and-the-big-corporations/) [Wayne Messam](https://sms4smile.com/quotes/author/wayne-messam/) > [There will always be, within a party, people who backed one candidate versus people who backed another, and there will be factions in the…](https://sms4smile.com/quotes/mitt-romney/there-will-always-be-within-a-party-people-who-backed-one-candidate/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [Yes, I backed the hula hoop. And I had a lot of other people come to me with ideas that turned out well](https://sms4smile.com/quotes/art-linkletter/yes-i-backed-the-hula-hoop-and-i-had-a-lot-of-other-people-come-to-me/) [Art Linkletter](https://sms4smile.com/quotes/author/art-linkletter/) > [Well, a general danger of punditry is that there's very little incentive to change your position or admit error. If you reverse your position,…](https://sms4smile.com/quotes/max-boot/well-a-general-danger-of-punditry-is-that-there-s-very-little/) [Max Boot](https://sms4smile.com/quotes/author/max-boot/) > [I moved further and further away from mass entertainment. The sexual element became increasingly sinister and bizarre. Don't blame me! The bastards drove me…](https://sms4smile.com/quotes/robert-crumb/i-moved-further-and-further-away-from-mass-entertainment-the-sexual/) [Robert Crumb](https://sms4smile.com/quotes/author/robert-crumb/) > [Every presidential candidate highlights patriotism, but Mr. Romney's is backed by the Mormon belief that the United States was chosen by God to play…](https://sms4smile.com/quotes/jodi-kantor/every-presidential-candidate-highlights-patriotism-but-mr-romney-s-is/) [Jodi Kantor](https://sms4smile.com/quotes/author/jodi-kantor/) [Browse all 55 Backed quotes ](https://sms4smile.com/quotes/about/backed/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "For too long people have backed companies on hope value rather than solid products coming out. 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