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> The tsunami, which washed away entire communities, caused nearly $10 billion in damage So.. like 10 Valley start-ups? It's insane that livelihood of hundreds
by rplnt 15y ago
> The tsunami, which washed away entire communities, caused nearly $10 billion in damage
So.. like 10 Valley start-ups? It's insane that livelihood of hundreds of thousands people in south east Asia is worth less than a few clever (and properly executed) ideas in CA.
- kelnos 15y agoNot average SV startups, to be sure. Only a rare minority end up being worth $1bn each.
- JanezStupar 15y agoHe is talking about valuations.
- kelnos 15y agoFew SV startups have $1bn valuations, either. The distinction you're suggesting is irrelevant.
- JanezStupar 15y agoIt was a tongue in cheek remark, I actually agree with you. Sometimes it is hard to resist sarcasm, apologies for not adding anything of substance.
- kelnos 15y agoAnd my apologies for not getting it ;)
- manojlds 15y agoYou are missing the point that $10billion in damage in Asia is LOT more than $10 billion (damage) in the US etc. For example, the damage from Hurricane Katrina was around $82 billion. While damaging, I am sure the 2004 tsunami was a even worse disaster than Katrina.