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Dotcom Bubble 2.0? It's Different This Time
With Bloomberg's IPO index down 20% from its late 2014 highs and pressing 10-month lows (having gone nowhere in 2 years), all is not well in the private-to-public transaction market.
Despite the multi-billion-dollar ponzi valuations of various 'disruptors' and leaked data opening the kimono on how insane this reality is, we thought the following clip perfectly summed up how it's different this time...
"If you show revenue, people will ask 'how much' and it will never be enough. The company that was the 100x or the 1000x becomes the 2x dog. But if you have no revenue, you say you're pre-revenue - you're a potential pure play..."
(click image for clip - no embed available) - warning NSFW
h/t Wesley B
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This time there is competition from BRICS, so the government had the luxury of swinging its dick around 15 years ago.
Today, it cannot afford to swing.
911 was a bad idea to push the NWoO agenda because it effected a reaction name BRICS.
Stupid elite assholes playing god again.
Yes there is a dot.com 2.0 Bubble but Bitcoin has NOTHING to do with it. And you should buh Bitcoin...
That was a good Silicon Valley clip. But here's a great one. I defy any of you to try to stop laughing at any point during this.
http://youtu.be/N6Zz-Nkkaxc
They nailed it with the as*hole VC's. They usually have one WASPy Stanford MBA guy who is the CEO then it is an Asian or Indian and maybe a tribe member. All smug AH's. Funny as hell.
Note the absence of women of color in every clip. Every female role went to an upper-middle class white woman.
I don't bring this up in jest either.
Holy shit, you're uselessness is epic.
I disagree. His presence gives meaning to the green arrow, like darkness to light.
You'd think that when you find yourself on the same side of an argument as a White Supremacist low-life, you'd take a moment to reflect about yourself, and reflect deeply. Not you gemstones.
The problem with living in a bubble is that sooner or later, they tend to pop. Demographic realities do not favor you, or your political & social views. You can huddle together with the other dino's, and upvote each other as much as you like. It won't slow the meteor's approach.
Because it's called Silicon Valley, not Nerds of Mumbai.
I am Chumbawamba.
How is your 72 IQ Sudanese wife doing, by the way? Does she still want to eat albinos to gain magical powers? Or did you finally talk her out of that?
My wife has accomplished things in spite of financial & cultural disadvantages in her youth that you will never accomplish in your life, in spite of all your white privileges.
Take heart, however: You can bag her groceries should your local McDonald's close down and leave you unemployed. And your kids can do the same for my kids when they are all of working age.
You do realise it's a tv show, right?
That's a good scene, for sure.
One of my favorites (the smile):
https://youtu.be/vK9RMBqvYSg
@Buckaroo that was f'ing hilarious. Thx for the share
Santini Air....1 week member.
Get a spell check. "And you should buh??? Bitcoin"
Go thee forth and buy a dictionary with your wages this week.
He working haad fuh dah mony.
http://www.zerohedge.com/users/santini-air
http://airwolf.wikia.com/wiki/Dominic_Santini
He's actually a re-tread - fonestar, goat-something, waylon bits, maybe a few others. He's died more times than Mt. Gox padded their pockets.
If he ever rates an 'his name was...', it might stretch a hundred pages.
It sounds so reasonable when he says it with his confident voice, his bearded face, his finger pointing....
Onion had a good episode on the subject:
https://www.youtube.com/watch?v=CK62I-4cuSY
If it was not the sad truth, I would have laughed
I love that show.
VC's are using the same song and dance routine as last time and I expect the same wonderful outcome as last time.....
Yes, same shit different decade. I was at a startup in Boston in 2000 and at a board meeting one of the VC's said almost exactly the same thing as above, with a straight face. Time to buckle your seatbelts.
Ha ha! I wonder if who ever wrote the comedy bit was in a similiar meeting. Sickening but funny.
5 minutes 30 seconds in the millionaire states they are treated like the Jews in Nazi Germany.
https://www.youtube.com/watch?v=dj4qmmkiZyU
Season 2 Funny Moments - Silicon Valley
there is a Ponzi scheme for every business. All the fu.....g system is a Ponzi scheme.
Life on Earth is a Ponzi scheme.
What busy business person has time for figuring out what all these apps do?
Its different this time.
If Facebook Got Rid of Everything You Hatehttp://m.youtube.com/watch?v=WCwmGx2ZUTc
Double post.
...the essence of Dot-com: expansion without meaning or value.
As a Silicon Valley tech veteran of 20 years, that scene made me LOL. So true, and yes we are now in an era like that again. Not just social media companies, but so many of the so-called "big data" companies are just BS. They don't make money and likely never will.
Another dot com style bust is on it's way and it'll be a whopper.
Yes, but ...
What about a Meta-Nano-Beowulf Cluster of Machine Learning Big Data?