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Sam Altman's bet isn't interesting in itself, as it looks today the market was significantly undervalued in 2015. Even Sam Altman's pretty aggressive estimation
by username90 7y ago
Sam Altman's bet isn't interesting in itself, as it looks today the market was significantly undervalued in 2015. Even Sam Altman's pretty aggressive estimations undervalued it, he just guessed wrong on which players would become big. So it definitely wasn't a bubble.
- ghaff 7y agoAnd over 10 years ago, people were joking about bubbles in the context of companies like Facebook. https://www.theguardian.com/technology/blog/2007/dec/19/herecomesanotherbubblesong https://www.theguardian.com/technology/blog/2007/dec/19/here... Whatever is to come with e.g. the decreased interest in the public markets for loss-making companies with no apparent path to profitability, the last 10 years have apparently not been a bubble for any reasonable definition of the term.