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There are bigger things in the global economy than the opinions of Sequoia. This may not be very popular to say here. It is likely companies like Sequoia got bu
by jmatt 18y ago
There are bigger things in the global economy than the opinions of Sequoia. This may not be very popular to say here. It is likely companies like Sequoia got burned worse than many other businesses. Money that funds them comes from investments like the stock market which has lost ~ 2 trillion dollars in value in the last few months. On top of that the last thing most big companies are thinking about are acquisitions - let alone IPOs. I understand their pessimism but I don't think it necessarily applies to the whole economy over the next 15 years.
- Prrometheus 18y agoI was wondering if I were the only one that wasn't terribly concerned. Certain assets that were overvalued are readjusting to a reasonable valuation. Even the stock market's average P/E could look reasonable again. We'll have a short period of slow growth in economic aggregate statistics, then the singularity will hit and we'll do just fine.