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Don Dodge on the tech bubble
- sabat 16y agoAn uptick after a huge downturn does not a "bubble" make. Upticks don't "burst".
- wyclif 16y agoNo. The reason this isn't a mere "uptick" is because of the giant, crazy valuations. Think companies like Color. Think Facebook. These are not incremental in nature.
- sabat 16y agoFacebook's valuation is not giant or crazy given its size and influence. Color's may be, but time has yet to tell. The bottom line: we are seeing some big valuations, but they're not universal. Most companies are getting an average of $6-10M in A-round funding. They're not doing IPOs without profitability, and institutional investment is proportionally small. That's why calling this a "bubble" is incorrect and irresponsible.
- richcollins 16y agoRetail investors and the like are always the ones left standing when the music stops. I doubt that it will be any different this time: http://online.wsj.com/article/SB10001424052748704495004576264730149910442.html http://online.wsj.com/article/SB1000142405274870449500457626...
- vipivip 16y agoTech bubbles are great for innovation, take advantage of the situation.
- kevin_morrill 16y agoThis says nothing about the capital and talent misallocation that bubbles cost. That opportunity cost is invisible, but something we on Hacker News are paying the price for.