wonder how many of these Chinese valuations are the result of Chinese government-related VCs having different incentives than US VCs (since money is government's, it's better to try to inflate valuation to show *these Americans*, than to reap maximal returns)https://twitter.com/patrickc/status/1008699726005325825 …
There’s a lot of these valuations that actually look not unreasonable to me. Some froth, sure. Not convinced the incentives are fundamentally different.
