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No macro collapse, and the first proposition didn't work out: Uber: 50B, Palantir < 40B, Airbnb < 40B, Dropbox < 10B, Pinterest ~10B, SpaceX < 40B. So total 160
by NhanH 7y ago
No macro collapse, and the first proposition didn't work out: Uber: 50B, Palantir < 40B, Airbnb < 40B, Dropbox < 10B, Pinterest ~10B, SpaceX < 40B. So total 160-180B market cap. Close, but not quite.
- cm2012 7y agoBiggest difference was that the public market valued a bunch of these companies waaay less than VCs did.
- iamsb 7y agoSo it was a bubble then?
- cm2012 7y agoNot sure if it's the right nomenclature, since bubbles are supposed to be pop. Instead they just grew in value slower than they were.
- Waterluvian 7y agoThe muffins didn't rise properly.
- huffmsa 7y agoPerhaps, but dealt with via smaller adjustments rather than catastrophic collapse. The underlying principles of the companies is sound, just priced a bit too high. The market fixed it (as it is supposed to do)
- MichaelApproved 7y ago“Fixed” is too definitive of a word, isn’t it? Who knows if the market is correct right now. Repriced, adjusted, revaluation. Those seem more appropriate for the timeframe. More time is needed to tell if it was fixed or not.