3 ms·
It looks like a bubble, and in the human history every bubble has crushed; soon or later. Bubbles have to have widespread macro-economic build up that will ind
by coryl 16y ago
It looks like a bubble, and in the human history every bubble has crushed; soon or later.
Bubbles have to have widespread macro-economic build up that will indicate whether or not there is actually a bubble. Are IPO filings up? Is the average dollar amount raised in Series A significantly higher? Are there more visible failures than before? Unless you can scientifically point to some data or experience that MANY unqualified startups are in fact receiving easy money, than you're just a speculator. Because while YC companies have a large attention-share in the startup world, it is still only a fraction of startups and non-representative of the larger landscape.
I hate it when people ignorantly say things like "this is a bubble" just because they read about some dumb company received funding in a TechCrunch article. (Not a personal attack btw on you btw, just my general opinion.)
- contagion 16y agoIt doesn't have to be the money raised in a series A, we are talking about a bubble in the seed level. In fact it does look like the start to investment without much thought/diligence/etc. There is a large amount of capital chasing early stage deals, people are writing checks after one meeting, giving away uncapped convertible gifts.
- mcbreed 16y agoI am with contagion on this one, the time to raise capital has been greatly reduced, and yes the valuations are up across the board in seed raises. The question is specific to the SV environment, it wasn't "is US technology in a macro bubble."