Another correct prediction: Airbnb raises $1.5B, valuing it at $25.5B Everything keeps going up, the cries of ‘bubble’ ignored. Looking at $80 billion valuation for air BNB (which would make it more valuable than Priceline), $100 billion uber, and $50 billion Snapchat. $50-100 billion seems to be the upper limit, after which the pressure to… Continue reading Another Correct Prediction – AirBNB
Tag: web 2.0
Everything Keeps Going Up
Aren’t we supposed to be in a bubble, says the media? Why does it refuse to pop? Whether it’s stock prices, web 2.0 valuations, China, or Bay Area real estate, the unending post-2008 asset boom continues with no end in sight. Those web 2.0 valuations keep rising, especially for companies valued at over $1 billion… Continue reading Everything Keeps Going Up
The Big Will Get Bigger
The left wants web 2.0 to burst, longing for the tech crash that will never come. Crisis-seeking and IQ denialism is how the cognitively average reconcile their mediocrity in a society and economy where intellectual accomplishments and wealth are more important than ever. Small/medium-cap stock picking is dead. Now it’s just large cap tech and… Continue reading The Big Will Get Bigger
Billion Dollar Startup Club: Separating Winners From The Losers
The Billion Dollar Startup Club It’s pretty easy to predict which companies will succeed and which will fail. For example, it was obvious FAB.com – a startup once valued at a billion dollars in early 2013, only to recently liquidated for $15 million in a fire sale – would fail. They sold physical goods, which… Continue reading Billion Dollar Startup Club: Separating Winners From The Losers
Snapchat Proves America & Capitalism is Not in Decline
As the slowest news cycle in history continues, this was actually a front page story: Snapchat is paying college grads a ridiculous amount of money to work there This is what the left is thinking when they read this story: ‘Why does web 2.0 refuse to burst! These valuations are too high and the media… Continue reading Snapchat Proves America & Capitalism is Not in Decline
There is Absolutely No Bubble In Technology
I remember in 2012, following the botched Facebook IPO and the stock’s subsequent decline, the liberal media was certain that web 2.0 had burst, their elation breaking through their veneer of journalistic impartiality as Facebook stock fell from its IPO price of $38 to as low as $20. At last for the left, after years… Continue reading There is Absolutely No Bubble In Technology
Snapchat’s Huge Windfall : The State of Web 2.0
Looks like my 2014 prediction of Snapchat, originally valued at $4 billion, being worth $30 billion by 2016 is coming true. This talk of bubbles reminds me of 2007 when everyone, including all the experts, was certain Facebook was a bubble at a valuation of $15 billion after Microsoft invested; now it’s worth $200+ billion.… Continue reading Snapchat’s Huge Windfall : The State of Web 2.0