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A comment on The CEO of a $1 billion 'unicorn' startup admits we're in a bubble. Parent comment

Re:The CEO of a $1 billion 'unicorn' startup admits we're in... by clarky07 on Friday June 12, 2015 @01:17PM (#9707246)
I did live through both of the last bubbles.[1] That's why I'm suggesting this would be different. I didn't say it wouldn't be felt at all, just that it wouldn't be nearly as bad.

are there really a lot of pension funds investing in 0-revenue startups in SV? That seems like a place I really don't want my pension.

EDIT: [1] I lost a lot of money on my house that I bought in 2008 and sold in 2014. It sucked. I can't imagine my next house losing money because snapchat goes out of business....

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Re:The CEO of a $1 billion 'unicorn' startup admits we're in... by ebbv on Friday June 12, 2015 @01:30PM (#9707325)
If it's just one company like Snapchat going under, then sure your house value won't go down because of that.

But that's not what we're talking about. We're talking about a bubble bursting. That's a lot of value going out of the economy, and a lot of people losing money. That makes investors in general pull their money back. It creates an economy wide recession.

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