1/ WaPo title, "Come on, Silicon Valley, you can do better than this" gets at the root of what non-SVers don't get: there's no there there.
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2/ Even if Yo turns out to have been an elaborate long troll dreamed up by stoners and drunk VCs, it is, miraculously, *still* legit. Why?
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3/ Efficient markets are about the right to disagree about what is important. Even if some decide the most imp. use of $1mm is a joke.
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4/ Which is not to say Yo is a joke. But even if it was intended as one, market which made it a viral hit is smarter than those behind it.
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5/ Unless you can predict the *precise* future course of something like Yo, the market knows things you don't.
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in which case, some investors just invested in a viral video, which would be justifiably worthy of criticism.
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Sure, criticize away. Don't treat it as a symptom that SV is broken.
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not saying SV is broken at all, but early stage investing might be.

