Re:Credit Karma Has Raised $175M on a Valuation of $3.5B
by emodendroket on Tuesday June 23, 2015 @01:29PM
(#9766195)
Going for 7 years doesn't prove it's not a bubble, especially when many of the externalities people have suggested are causing a bubble have not changed (low interest rates, for instance).
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Re:Credit Karma Has Raised $175M on a Valuation of $3.5B
by paulpauper on Tuesday June 23, 2015 @01:43PM
(#9766301)
It's more like 10 years if you include Facebook - that's an entire business cycle, or about the same duration as the 1990-2000 internet boom. But in siding with Andreessen and others, I think this one has further to run.
But I am pessimistic about the hardware unicorns (fitbit, skullcandy, jawbone) as opposed to the app/website ones, so It's not like I am emphatically bullish about everything. http://greyenlightenment.com/billion-dollar-startup-club-pic...
Re:Credit Karma Has Raised $175M on a Valuation of $3.5B
by 001sky on Tuesday June 23, 2015 @02:46PM
(#9766794)
Its not a business cycle, really. The fed last week said the stock market will crash if they put interest rates much above zero. That is the definition of a bubble. A bubble is a mis-pricing of risk based on non-market force (irrational or otherwise) that will revert to equilibrium when given the chance.