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The one point I do agree with is that PG is probably the worst person to ask if there is a bubble in startup tech right now because he has more than almost anyo
by dangero 16y ago
The one point I do agree with is that PG is probably the worst person to ask if there is a bubble in startup tech right now because he has more than almost anyone to gain from high valuations.
I understand Paul wants to be unbiased, but he cannot realistically do so. It's like asking the head of the Realtors board if home prices are stabilizing or asking Ben Bernanke if we're seeing an economic recovery. They will only ever give one answer because they have nothing to gain from giving any other response.
- mbyrne 16y agoIt actually doesn't follow that someone with domain knowledge is "the worst person to ask if there is a bubble." Furthermore, people who are successful tend to be coldly honest about reality, and that is how PG strikes me. I feel confident if PG thought there was a bubble in start ups now, he would probably say just that, because being right "gains" something priceless, while being someone whose words mean nothing, loses everything.