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With the amount of money being tossed around I am convinced this is going to be 10x worse than the dotcom bubble when it pops. And it will pop. You simply can't

With the amount of money being tossed around I am convinced this is going to be 10x worse than the dotcom bubble when it pops. And it will pop. You simply can't have pre-product companies valued at 10s of billions of dollars and expect a good outcome.

JCM9 1y ago
The “talent wars” and VCs with a really nasty case of FOMO clouding investment fundamentals is throwing more dry kindling in the pile. For anyone that’s been around a while we’ve seen this movie before
gooseus 1y ago
Everyone knows it's mostly bullshit, but that _someone_ is going to end up coming out as the Amazon-level winner. Every single one of these "fake it till you make it" AI CEO/Founders are betting they are the Amazon.com and not the Pets.com... but if they are the Pets.com then what is the downside? The CEO of pets.com certainly didn't end up out on the streets for being the biggest disaster of one of the largest bubbles and effectively burning billions of investor dollars (including institutions investing pensions and retirements funds).
- jimbokun 1y ago
  Looks like she ended up with a net worth over $20 million so I guess you're right: https://www.quiverquant.com/insiders/1780458/Julie%20Wainwright https://www.quiverquant.com/insiders/1780458/Julie%20Wainwri...
  - DonHopkins 1y ago
    Even the sock puppet sold for $125,000. You can buy a hell of a lot of dogs and socks for that much. https://en.wikipedia.org/wiki/Pets.com#Sock_puppet https://en.wikipedia.org/wiki/Pets.com#Sock_puppet