2007: Kids start company, encourage people to livestream their entire lives 2014: They sell that company for $1B 2014: Founder decides to leave and start a car company 2016: Car company bought by GM for $1B 2018: Said company is responsible for a $5B swing in GM's market cap
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In this context, what are your thoughts on Bird
? Insanity or part of a bigger net add to the market? -
Bird will be one of the most influential tech companies started in the last 5 years
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That’s too far fetched a cause-effect correlation. Most good ideas are crazy and that’s how they all work across the globe. Nothing specific here about the valley.
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Alternate thesis: SV works because it attracts talent + has ecosystem to coach & fund that talent. I knew one of those "kids" in the 90s from playing Magic after class and later from UW early entrance. That success doesn't look accidental from here.
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I don't know what Kyle's next startup is but I do know he's gonna raise ALL the $$$
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In a few years you may have to amend this to say that both companies caused a $5B swing for their acquiring companies.
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