Re:Wiz has a $6B valuation after only 18 months
by DisjointedHunt on Tuesday October 12, 2021 @07:50AM
(#28838607)
Clubhouse is a classic case of how much venture capital has changed over the years and this case seems to be another.
There was always a sense of investing in a-yet-unproven business model or technology but what seems to have happened over the past few years is less of a focus on technological advantages and more on a "Set the valuation high since even a brick will float in this market" approach.
Lots of easy money. . .competition from alternative investment assets such as Crypto seem to be pushing traditional venture capital to desperate measures to justify their existence.
Re:Wiz has a $6B valuation after only 18 months
by funerr on Tuesday October 12, 2021 @07:54AM
(#28838637)
I agree that the whole industry smells like a bubble, but these guys were high execs at Microsoft prior to that, maybe they just leveraged the investing landscape and still have some reason? idk
There was always a sense of investing in a-yet-unproven business model or technology but what seems to have happened over the past few years is less of a focus on technological advantages and more on a "Set the valuation high since even a brick will float in this market" approach.
Lots of easy money. . .competition from alternative investment assets such as Crypto seem to be pushing traditional venture capital to desperate measures to justify their existence.