Re:Silicon Valley Startups Awash in Dollars, Again (2007)
by username90 on Sunday October 13, 2019 @09:09AM
(#21240166)
I wouldn't say that 2007 was a bubble though, at least not in the tech world. Social media wasn't properly realized at the time so for example Facebook being valued at 15 billion or Linkedin at 1 billion made sense. There could have been ten similar sized competitors to both of them and the valuation would still have made sense since one of them would win.
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Re:Silicon Valley Startups Awash in Dollars, Again (2007)
by maxlamb on Sunday October 13, 2019 @10:31AM
(#21240548)
That's what makes reading this piece 12 years later so interesting - there was definitely fear of a bubble in 2007 (probably partly due to the trauma of the 2000 dotcom bust) even though in retrospect there definitely wasn't. It's funny how it described Facebook's $15 billion valuation as a sign there might be a bubble, when FB now is valued at $525 billion.