I'll probably take a karma hit for this, but I find it neither intellectually stimulating nor effective to talk about whether we're in a bubble, especially if i

I'll probably take a karma hit for this, but I find it neither intellectually stimulating nor effective to talk about whether we're in a bubble, especially if it's fear mongering. If you want to convince smart people they're living in a bubble, do it with data and intellect. This one at least seems like a step in the right direction using specific companies and PE ratios, whereas the previous articles were pretty easy to dismiss with hardly any data to reference (Chris seems to argue against a bubble in this article, I just like that he's using data). The only thing I can look at and agree with is that seed round valuations are higher. Can a bubble be created based on inflated seed valuations? That'd be a more interesting conversation to have. The A rounds are not trivial to raise--you still need traction, whether it's users or revenue. If we are in fact in a bubble, what exactly are you going to do? Are you going to immediately start focusing on revenue, knowing that it may be harder to earn in the near future? Are you going to go out and raise your Series A/B/C right now given your 6+ months of runway left? Or are you just going to entertain the conversation? It doesn't feel like a very productive conversation to have unless you're actually acting on it right now.