The strangest thing to me is how upset this makes people, even though it doesn't affect them, at least not directly. Look at the quote about Facebook's valuatio

The strangest thing to me is how upset this makes people, even though it doesn't affect them, at least not directly. Look at the quote about Facebook's valuation- who gets so upset about that? Why is it an affront to you if some business guys can figure out a way to call FB worth $33B? Of course now nobody would question that, because they're one of only two games in town when it comes to advertising. But even before that, why get so pissy? If the valuation is sooo crazy then bet against it. Why get so upset that LinkedIn sold for $26B? If you think MS wasted their money then let them waste it. Why be so concerned that VCs are making bad bets? Let them! Are you a limited partner? Then who cares?! I get that people don't like the knock-on effects, rent goes up, engineers are harder to hire. But I don't see why anyone should give a shit if a dumb VC wasted their firm's money on a dumb idea.