4 ms·
Quite a magnificent prediction. [0] Those valuations were never going to last. > Due to the abundance of companies floating on the markets, This decade will in
by rvz 2y ago
Quite a magnificent prediction. [0] Those valuations were never going to last.
> Due to the abundance of companies floating on the markets, This decade will introduce a long awaited tech crash that will reset and purge those companies unable to turn a profit. It will get harder for startups to seek capital since most of FAANG and other established companies with strong portfolios will move into novel industries that will invade their market share.
So hardly surprising.
[0] https://news.ycombinator.com/item?id=21926473 https://news.ycombinator.com/item?id=21926473