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Just to be clear, it's not just VC. This high valuation bubble applies to all companies, including public ones.

adventured 4y ago
A lot of the high valuation / high multiple stocks from the latest bubble have already cratered. Snowflake has gone from $405 to $171. Zoom has gone from $406 to $99. Shopify has gone from $1762 to $426. Unity has gone from $210 to $66. Square has gone from $289 to $99. Roblox has gone from $141 to $30. Coinbase has gone from $368 to $112. Robinhood has gone from $85 (really $50-$60 stable) to $10. Rivian has gone from $179 to $30. Twilio has gone from $412 to $111. DocuSign has gone from $314 to $88. Etsy has gone from $307 to $92. Pinterest has gone from $81 to $20. Roku has gone from $490 to $92. Beyond Meat has gone from $160 to $36. Peloton has gone from $129 to $17. Draft Kings has gone from $64 to $13. Teladoc has gone from $174 to $33. Virgin Galactic has gone from $57 to $7. Palantir has gone from $29 to $10. DoorDash has gone from $257 to $74. Cloudflare has gone from $221 to $86. Fastly has gone from $66 to $15. DigitalOcean has gone from $133 to $39. UiPath has gone from $90 to $17. Asana has gone from $145 to $26. Atlassian has gone from $483 to $224. Okta has gone from $276 to $119. And so on. This is a massive ongoing collapse and it's holding (we're 5-6 months into the persistent decline), there is no rebound occurring. The bubble is over (and has been for a while now). It makes sense there would be a sizable VC pullback from the public market crash that is happening to the more bubbly (and less profitable) companies.
- abraxas 4y ago
  How these prices reached those levels without anyone batting an eyelash a mere 20 years after the last dotcom bust is beyond belief. It's never "different this time", folks.
  - jlawson 4y ago
    Several of today's biggest companies in the world were startups during the dotcom crash, and survived it, lost value, but then came back and took over the world. Perhaps investors are thinking that some of these companies might do the same thing.
    - mupuff1234 4y ago
      Most of the companies in above list are actually fairly mature companies (10 years+). I think it they had the potential to take over the world, they probably would have already, or at least show some serious signs of doing so.
  - ant6n 4y ago
    It’s fine as long as somebody else is holding the bag
- j_not_j 4y ago
  So they are on sale? Time to buy? /s

A lot of the high valuation / high multiple stocks from the latest bubble have already cratered. Snowflake has gone from $405 to $171. Zoom has gone from $406 to $99. Shopify has gone from $1762 to $426. Unity has gone from $210 to $66. Square has gone from $289 to $99. Roblox has gone from $141 to $30. Coinbase has gone from $368 to $112. Robinhood has gone from $85 (really $50-$60 stable) to $10. Rivian has gone from $179 to $30. Twilio has gone from $412 to $111. DocuSign has gone from $314 to $88. Etsy has gone from $307 to $92. Pinterest has gone from $81 to $20. Roku has gone from $490 to $92. Beyond Meat has gone from $160 to $36. Peloton has gone from $129 to $17. Draft Kings has gone from $64 to $13. Teladoc has gone from $174 to $33. Virgin Galactic has gone from $57 to $7. Palantir has gone from $29 to $10. DoorDash has gone from $257 to $74. Cloudflare has gone from $221 to $86. Fastly has gone from $66 to $15. DigitalOcean has gone from $133 to $39. UiPath has gone from $90 to $17. Asana has gone from $145 to $26. Atlassian has gone from $483 to $224. Okta has gone from $276 to $119. And so on. This is a massive ongoing collapse and it's holding (we're 5-6 months into the persistent decline), there is no rebound occurring. The bubble is over (and has been for a while now). It makes sense there would be a sizable VC pullback from the public market crash that is happening to the more bubbly (and less profitable) companies.

abraxas 4y ago
How these prices reached those levels without anyone batting an eyelash a mere 20 years after the last dotcom bust is beyond belief. It's never "different this time", folks.
- jlawson 4y ago
  Several of today's biggest companies in the world were startups during the dotcom crash, and survived it, lost value, but then came back and took over the world. Perhaps investors are thinking that some of these companies might do the same thing.
  - mupuff1234 4y ago
    Most of the companies in above list are actually fairly mature companies (10 years+). I think it they had the potential to take over the world, they probably would have already, or at least show some serious signs of doing so.
- ant6n 4y ago
  It’s fine as long as somebody else is holding the bag
j_not_j 4y ago
So they are on sale? Time to buy? /s