4 ms·
The craziness of recent Uber and WeWork and other unicorn valuations (with SoftBank just doubling their bets to show valuation growth) looks like a peak in the
by zby 8y ago
The craziness of recent Uber and WeWork and other unicorn valuations (with SoftBank just doubling their bets to show valuation growth) looks like a peak in the investment euphoria and what we should expect next is a swing back ala https://www.oaktreecapital.com/docs/default-source/memos/2004-07-21-the-happy-medium.pdf?sfvrsn=2 https://www.oaktreecapital.com/docs/default-source/memos/200...
This article adds to that notion.