Re:Paul Graham's Letter to YC Companies
by jeffreymcmanus on Tuesday June 05, 2012 @02:51PM
(#4070182)
If you do the arithmetic, yes there will. At any rate, you don't need to be a millionaire to do venture investing.
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At the rate FB is falling, it will be worth less than 12 billion in 3 months.
It's these kind of forward projections that cause booms and busts, ie. people assuming that housing prices will increase at a steady/regular rate over time. Just as we saw that this doesn't happen in a steady way, nor will facebook steadily decline over the next 3 months.