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Of course we are in a bubble, it's impossible to agree with the fact that Uber is truly valued at 41 billion and Google only at ~364 billion. It's hard to swal
by ProAm 12y ago
Of course we are in a bubble, it's impossible to agree with the fact that Uber is truly valued at 41 billion and Google only at ~364 billion. It's hard to swallow that Uber is roughly 10% of Google in value.... That goes for all these companies many who still are not really profitable.
Of course SamA is going to say we are not in a bubble, when his company's only goal is to take 1 penny and turn it into 4 pennies based on valuation and further outside investment and growth.
The tech bubble will burst, but likely will not hurt society at large, but it will likely dent the VC ecosystem.
- sskates 12y agoIf you're so sure, why don't you take the bet that Sam offered? All this cheap talk on HN and no one wants to put their money where their mouth is.
- headsupftw 12y ago1. $100k is a lot of money for most of the folks here. Simply put, I can't afford to lose $100k on a bet but Sam can. 2. Even if I won the bet (impossible because I'm not a VC), I would not gain anything financially. So what's in it for me? 3. If he changes the terms to $100 a pop and winner gets to keep loser's $100 then I'm game.
- imh 12y ago>only goal is to take 1 penny and turn it into 4 pennies That reminds me of what he said about "the thing that feels least reasonable is some early-stage valuations." His interests lie in driving early stage valuations down and later stage values up. And that's exactly what he's saying here.
- chm 12y agoWell you have a lot of people chipping in for Uber to be valued at $41G. While that doesn't tell us much about each actor's rationality, it does indicates that some people think there's value in the company's future. I can personally imagine a world where I don't own a car and pay 300-500$ a month to a company such as Uber so that a robot comes drive me from A to B whenever I want.