5 ms·

Im afraid its been 25 not 15 years since 1999 ;(

• ncruces 2y ago
  Whoosh… 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 ago
      The 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.