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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
by 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 agoActually 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.