Re:98% of VCs Aren’t Dumb
by rdl on Sunday May 26, 2013 @12:08PM
(#5771437)
Yes. I suspect the next 5-10 years will see one of:
1) Big non-US market growing up (probably in Asia, but possibly in cypherspace), with more rational regulations
2) Massive slowdown in tech progress (which one might argue is underway, but not as obvious; if it accelerates, it will be obvious)
3) Some way for PE to take over from public markets. Content to sit on revenue-generating companies throwing off cash. This already seems to be happening; I'm not sure what the tax consequences are, but I suspect they're smart/powerful enough to either financial engineer or politically engineer a solution.
All of them suck for different seasons. #2 is probably the worst for me personally.
1) Big non-US market growing up (probably in Asia, but possibly in cypherspace), with more rational regulations
2) Massive slowdown in tech progress (which one might argue is underway, but not as obvious; if it accelerates, it will be obvious)
3) Some way for PE to take over from public markets. Content to sit on revenue-generating companies throwing off cash. This already seems to be happening; I'm not sure what the tax consequences are, but I suspect they're smart/powerful enough to either financial engineer or politically engineer a solution.
All of them suck for different seasons. #2 is probably the worst for me personally.