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It's not the price that matters, it's the activity level. House-flippers don't complain about the price of the house; returns are relative. You can't honestly
by tatsuke95 14y ago
It's not the price that matters, it's the activity level. House-flippers don't complain about the price of the house; returns are relative. You can't honestly tell me that times like this aren't better than, say, 2003?
Now, I don't mean to imply that you, personally, have some sinister intentions to keep the bubble going. But in general, VCs have to speak highly of the industry. Otherwise, how do they explain any investment?
If I'm wrong, and I could be, I'd love to see some examples of tech VCs who are actively calling a bubble. I'll bet there aren't many, and that's no coincidence.
- fredwilson 14y agowe raised a fund in 2003. i remember it well. it took us a year to raise that fund. nobody wanted to invest in internet startups. that fund will go down in history as one of the best VC funds raised. certainly one of the best of that decade. price matters. environment matters. that was a much better time to invest than now.