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It's obviously a bubble. How are people not seeing this? Thanks to the current economic climate investors are literally throwing money at startups with no real
by alrayyes 11y ago
It's obviously a bubble. How are people not seeing this? Thanks to the current economic climate investors are literally throwing money at startups with no real business plan or income. Valuations have no correlation with reality, but the best indicator imho is that the people investing now don't really understand the companies/markets they're investing in.
Ignorance + Overvaluation + Greed = Artificial Evaluations. This leads to a vicious cycle which eventually leads to a bubble.
It amazes me that the 20 somethings who work in silicon valley and are supposed to be so smart don't have an iota of common sense and are so blind to the obvious.