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micsolana's profile
Mike Solana
Mike Solana
Mike Solana
@micsolana

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Mike Solana

@micsolana

technology, liberty, teenagers with superpowers. vp @foundersfund. creator + producer #anatomyofnext, #problematic. ringleader @hereticon.

San Francisco
solana.substack.com
Joined January 2009

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    1. Eliot Brown‏Verified account @eliotwb Jul 3
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      It's crazy to see how VC twitter is all in a hysteria about how the tech press is so overly skeptical Just a few years ago the tech press was endlessly fawning, nearly completely devoid of skepticism in a way that further inflated valuations and cultlike reverence for founders

      13 replies 43 retweets 337 likes
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    2. Keith Rabois‏ @rabois Jul 3
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      Replying to @eliotwb

      is there evidence that valuations were more inflated in that era than now? (I don’t disagree that the media coverage was different a decade ago).

      2 replies 0 retweets 7 likes
    3. Eliot Brown‏Verified account @eliotwb Jul 3
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      Replying to @rabois

      so you would have a much better sense than me, but haven't series A/seed (or first money in) valuations gone up rather significantly? Certainly VCs always carp about this ... maybe YC would have the best data?

      1 reply 0 retweets 1 like
    4. Keith Rabois‏ @rabois Jul 3
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      Replying to @eliotwb

      yes, that is my point. Critical press era = higher valuations than during flattering press era.

      1 reply 0 retweets 9 likes
    5. Eliot Brown‏Verified account @eliotwb Jul 3
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      Replying to @rabois

      Didn’t those valuations go up a lot starting 2014-16? I think that was peak rah rah techpress Either way, do you not think the hagiographic press did anything for the funding environment? Certainly lots of investors read that stuff

      1 reply 0 retweets 1 like
    6. Keith Rabois‏ @rabois Jul 3
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      Replying to @eliotwb

      Peak rah rah coverage was 2009-2014 not 2014-2016. But critical coverage hasn’t suppressed either public or private valuations.

      1 reply 0 retweets 15 likes
    7. Eliot Brown‏Verified account @eliotwb Jul 3
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      Replying to @rabois

      well investors should be happier with the press then! ;) i will say that for ~4 years WeWork's valuation seemed unphased by stories laying out how it was a real estate company valued like a software company

      2 replies 0 retweets 8 likes
      Mike Solana‏ @micsolana Jul 3
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      Replying to @eliotwb @rabois

      the problem is journalists went from treating theranos like the second coming of tech, with almost no mainstream VC support, to treating everyone in tech like theranos, which is absurd. but congrats on destroying steph korey i guess? it's all just really insane.

      10:02 AM - 3 Jul 2020
      • 27 Likes
      • lori Jane Lippencott Jeremi Jak Laura Minquini Benjamin Witte Vivek Patel Keith Rabois
      1 reply 0 retweets 27 likes
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        2. rat king‏Verified account @MikeIsaac Jul 3
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          Replying to @micsolana @eliotwb @rabois

          i think the way both “sides” think about their respective industries isnt that far apart leaving out any one particular example, id imagine each camp believes the whole of what they’re doing supersedes any one or more failures

          2 replies 1 retweet 37 likes
        3. Mike Solana‏ @micsolana Jul 3
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          Replying to @MikeIsaac @eliotwb @rabois

          this i absolutely do agree with

          1 reply 0 retweets 11 likes
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