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I don’t think the right question is: are we reliving 2000 or 2007 in startup investing. I think the right question is are we looking at a Google or a Webvan.
by omarhaneef 7y ago
I don’t think the right question is: are we reliving 2000 or 2007 in startup investing.
I think the right question is are we looking at a Google or a Webvan.
yes, I know Webvan may have been a “good idea”
- sjg007 7y agoWe had this debate in 2007 on hacker news (I had a different account).. Webvan today is Instacart. FB is very valuable. Hindsight is 20:20. I think companies stay private longer to ride out the market not being ready for them long term. But maybe Uber waited too long. "Consider Facebook, the popular but financially unproven social network, which is reportedly being valued by investors at up to $15 billion. That is nearly half the value of Yahoo, a company with 38 times the number of employees and, based on estimates of Facebook’s income, 32 times the revenue."