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Agreed. I wonder how much of the current froth is based on people trying to be the next Facebook or Instagram? If Facebook takes off and justifies their early
by benjaminwootton 14y ago
Agreed.
I wonder how much of the current froth is based on people trying to be the next Facebook or Instagram?
If Facebook takes off and justifies their early valuation, the startup/angel/incubator/VC world would go into the stratopshere.
If it continues to languish, people are going to be much more skeptical in making investments and even starting web based businesses.
A lot hinges on this stock price for the rest of us....
- il 14y agoI don't think the possibility of a $50B exit vs a $100B exit will make any difference for most angel investors.
- waterlesscloud 14y agoWhat will make a difference is that neither Instagram or Pinterest would get anywhere near as much of a valuation today as they did a month ago.
- awj 14y ago> If it continues to languish, people are going to be much more skeptical in making investments and even starting web based businesses. Is the latter part of that really true? Starting a web based business is worlds easier/cheaper than just about any other kind. I see this more as injecting a dose of reality and doing away with the give-things-away-to-get-big-then-monetize-somehow "business plan".