4 ms·

I didn't get that but it must be interesting... What does it mean plz?

• 0ren 14y ago
  He's just refuting Khosla's agument and pointing out that if VCs were really repelled, then the valuations could not be high (since these are determined by the demand of the market).
• deleted 14y ago
  [deleted]
• lotharbot 14y ago
  It's a quote from a very famous baseball player/funny man Yogi Berra [0]. It's sarcastic -- normally, a place being very popular would be considered a sign of success. But Yogi describes it as a negative -- as if the place is a failure because it's "too crowded". Likewise, it's normally considered a positive thing for a company to get a high valuation from investors. This suggests that investors think the business is very valuable. But Vinod has described high valuations as a negative. PG is using a famous quote to point out that it's not something one would normally view as a negative. [0] http://en.wikipedia.org/wiki/Yogi_Berra http://en.wikipedia.org/wiki/Yogi_Berra
  • pg 14y ago
    Actually the interesting thing about that quote is that it's self refuting. It couldn't be too crowded if nobody goes there. The quote in the article is similarly self-refuting. If a startup has a high valuation, that means investors were willing to pay it.