“@sama: Facebook at 1 year old: $13.2MM total raised. Yik Yak at 1 year old: $73.5MM total raised.”<#whatbubble?
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@sama reading that makes me nervous for some reason -
@sama surely this isn't yik yak > facebook, but rather misguided VCs? even with inflation, YYs valuation is absurd -
@sama@amirhmotahari Genius at 1 year old: zero money raised, anarchic freedom, no capitalism -
@sama does this have to do with early employees being more savvy today to what startups can afford in salary & equity? -
@sama@amirhmotahari (I miss those days!) -
@sama Wouldn't you say the best startups start during a recession? ;-) -
(just to be clear, I think facebook is likely to be the significantly better investment)
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@sama I've heard of Yik Yak because I was thinking of coding something similar and then I found it... Still not convinced. -
@mahbodmoghadam that gives me hope, for now. (the fact that vc funding isnt necessary in the early days.) -
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@sama Wellllll that's a bit unfair already knowing how well Facebook has played out. -
@VanessaAlvarez1@sama different times. different costs. -
@sama Not really going out on a limb by saying yik yak isn't going to be worth $200bn someday. -
@sama insanity
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