The "Bubble" and What's Really Going on with Startups
Today's New York Times declares that there an investment "bubble" in Silicon Valley being concealed by venture capitalists, and that it's so out of control that startups are being told not to generate revenue for fear of disrupting their fantasy valuations (link).I think the article is about 1/3 correct and 2/3 nuts. Yes, some startup valuations do seem amazingly high. No, there isn't some grand conspiracy, and there isn't necessarily a bubble. This is an important issue for the...