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I've been waiting for the Silly Valley insanity to stop for about the past 15 years, but its like its been permanently stuck in 1999 mode. With a few brief hic
by SJC_Hacker 2y ago
I've been waiting for the Silly Valley insanity to stop for about the past 15 years, but its like its been permanently stuck in 1999 mode. With a few brief hiccups like Juicera and Theranos. I guess VCs just don't have anything better to do with their money, than throw it at a wall of shit and see what sticks
- boguscoder 2y agoIm afraid its been 25 not 15 years since 1999 ;(
- ncruces 2y agoWhoosh… that's the entire point you missed right there.
- blobbers 2y ago… what was the point? I missed it too!? VCs returns looking like power law investment in the back end / mud on wall in the front end of a fund? Or that the author has been waiting for VC investment to stop? I don’t understand what he’s trying to suggest.
- ncruces 2y agoThe dot-com bubble? Which ballooned in the late 90s, then burst, with investment not returning to 1999 levels for about a decade (also thanks to the 2008 financial crisis). Their point is that we've been stuck in 1999 for 15 years, and not the decade before that. Disagree all you want, but “it's been 25 years since 1999, you fail at math” makes no sense as a rebuttal.
- piltdownman 2y agoIn a ZIRP era, they'd be non-optimal to do anything else. 80 failed projects is still a +ev outcome for a VC if they hit their 100x proposition on the 81st.