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The market is hot, and people would stuff money in a hole in the ground right now if you promised a possible 5x return. That will change soon enough. I think
by mises 7y ago
The market is hot, and people would stuff money in a hole in the ground right now if you promised a possible 5x return. That will change soon enough. I think these unicorns may know this and may have decided their time to raise money publicly is now, before a market crash. Not saying the market is about to crash, but it's certainly volatile.
- lotsofpulp 7y agoSoftware having basically zero marginal cost is a game changer. There's a reason why the big tech companies are the belle of the ball right now, they all print money, and they're still growing. Some things are worth the risk for that kind of payout.