apparently there are a *lot* of insane fundraisings happening right now in startups. at high valuations followed by growth investors saying immediately that they want in, willing to give many multiples of the valuation and money. as an entrepreneur, this makes me wary,
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i anticipate an insane boom of activity as america gets going again and the rest of the world is still shut down because of lack of vaccines. in speculative and real economy. but in some ways it's harder to create a *great* company in a boom economy.
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if you're an expert programmer, or a promoter, i guess you can make a lot of money in a boom. this really does dilute the technical depth of the average. stupider stuff happens in 'tech' companies during a boom.
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you can justify a feeling of rather being out of the blast radius. we didn’t ultimately succeed at lightsail, but we wouldn’t have gotten as far as we did if we were participants in every bubble that invited us in. (oil prices burst in 2014, chinese stock market burst in 2015)
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