I feel there's just enough value behind the crazy proposition that there won't really ever be a classic .com bubble pop. That's the thing: there actually is a lot of value in this tech. May some of the current big players crash and burn? Sure. But the tech is undeniably powerful - things will, and are, changing.

> there actually is a lot of value in this tech

Unlike that weird technology "the web", the basis of the .com bubble. Turned out to have no value in it!

Sorry deaux, but I can't quite understand your response - you're using a "I disagree with you" format, but it sounds like you agree with me! Can you clarify a bit?

He's saying that the companies can crash and burn while the tech stays around.

So all those vendor financed startup may die, taking the VC funds with them, but that is irrelevant to whether the tech stays around or not.

> I feel there's just enough value behind the crazy proposition that there won't really ever be a classic .com bubble pop.

You then followed up by pointing out a way in which it's exactly the same as the .com bubble. One might even say it's their biggest common ground.

It's not about value, but return. Everyone likes to mention circular financing, which in of itself isn't an issue. If I have an amazing idea and NVDA wants to loan me money that's fine. My idea works out and we all end up billionaires.

The problem comes in if my idea doesn't end up generating a return. NVDA has not only sold me my GPUs, but it's also leveraged itself to my return. Repeat this across many businesses, none of which are generating returns yet. This is why when/if this unwinds it's going to be pretty catastrophic. As Charlie Munger said, "There are only three ways a smart person can go broke: liquor, ladies, and leverage".

Amen

NVDA will just take over your business and getting the GPUs back.