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Wiz has a $6B valuation after only 18 months
- shantun7792 5y agohttps://direct-link.net/364689/coodingdessign https://direct-link.net/364689/coodingdessign
- DisjointedHunt 5y agoClubhouse is a classic case of how much venture capital has changed over the years and this case seems to be another. There was always a sense of investing in a-yet-unproven business model or technology but what seems to have happened over the past few years is less of a focus on technological advantages and more on a "Set the valuation high since even a brick will float in this market" approach. Lots of easy money. . .competition from alternative investment assets such as Crypto seem to be pushing traditional venture capital to desperate measures to justify their existence.
- notabanker 5y agoDo you mind beaming me up on what's happening/happened with Clubhouse? I know what the app is about not much clued into the fortunes of the company.
- funerr 5y agoI agree that the whole industry smells like a bubble, but these guys were high execs at Microsoft prior to that, maybe they just leveraged the investing landscape and still have some reason? idk